for say a firm purchased investment (FV-100) at 95 on 10/10/2018.
at what cost will the asset be recorded on 31/3/2019 in the firm's balance sheet and why?
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 25 February 2019
as per AS13 investment shud be recorded at cost
kajol
(Executive)
(201 Points)
Replied 25 February 2019
In Phase Value will be recorded in firm's balance
deepak rawat
(ipcc 2nd group)
(24 Points)
Replied 25 February 2019
initial recognition of investment at cost and then cost or Fv whichever is less
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 25 February 2019
if it's long term investment then it should always be carried at cost except there is a decline in market value other than temporary
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