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accounting standard 13

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Dipankar Adhikari

Dipankar Adhikari (Querist)
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21 August 2008 Dear sir

I have read that in the valuation of current investments, if market price of the investment is increased subsequently

profits can be reversed if it was reduced due to lower market price than the cost.

I want to know how can there be any subsequent valuation of current investment as curent investments are only held for a period of one year and valuation can only be done on the balance sheet date

Please anyone clarify

CHEZHIYAN (Expert)
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21 August 2008 You can Take Realised Profit/Loss on sale of Investments
and Valuate the Closing Stock at Cost or Market Price Whichever is Lower

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