invest in shares (Long term) in Individual Balance sheet which value will be shown market value or Face value
Mansoor Ahamed (Internal Audit Assistant) (76 Points)
09 November 2016invest in shares (Long term) in Individual Balance sheet which value will be shown market value or Face value
Rinky Senger
(_)
(205 Points)
Replied 09 November 2016
As no standards or Act apply for Individuals, you may record them at any, but reporting the investments at cost would be more appropriate.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)