Accounting in case of listed companies
This query is : Resolved
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?
07 November 2015
No, the daily quoted price is the market value... while books are maintained on historical value basis
07 November 2015
If it is current investment, then if valuation is lower than cost, effect needs to be given
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