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Accounting in case of listed companies

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(Querist)
06 November 2015 I have a very basic question. As the price of listed companies share keeps on changing every now and then, will there be any affect in the books of accounts?? I mean whether they pass any entries for the changes in price at the end of the day?
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
07 November 2015 No, the daily quoted price is the market value... while books are maintained on historical value basis
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Kumar

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Kumar (Expert)
07 November 2015 If it is current investment, then if valuation is lower than cost, effect needs to be given




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