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Accounting Treatment for Investments

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25 June 2009 I wanted to Know what is an accounting treatment for an Investments made by an Individual & Company
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NISHIT A. DOSHI

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NISHIT A. DOSHI (Expert)
26 June 2009 According to As - 13, investments are classified as current and long term investments. Accounting treatment for an investment made by individual and company is as follows subject to the proper disclosure of accountign policies in financial statements.
Investments classified as current investments should be carried
in the financial statements at the lower of cost and fair value
determined either on an individual investment basis or by category of
investment, but not on an overall (or global) basis.
. Investments classified as long term investments should be carried
in the financial statements at cost. However, provision for diminution
shall be made to recognise a decline, other than temporary, in the value of
the investments, such reduction being determined and made for each
investment individually.
with regards,
ca nishit doshi
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NISHIT A. DOSHI

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NISHIT A. DOSHI (Expert)
26 June 2009 According to As - 13, investments are classified as current and long term investments. Accounting treatment for an investment made by individual and company is as follows subject to the proper disclosure of accountign policies in financial statements.
Investments classified as current investments should be carried
in the financial statements at the lower of cost and fair value
determined either on an individual investment basis or by category of
investment, but not on an overall (or global) basis.
. Investments classified as long term investments should be carried
in the financial statements at cost. However, provision for diminution
shall be made to recognise a decline, other than temporary, in the value of
the investments, such reduction being determined and made for each
investment individually.
with regards,
ca nishit doshi
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