accrued interst & stock valutaion
This query is : Resolved
chintan sodha
(Querist)
25 March 2009
Dear Sir,
If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?
Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?
If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?
Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?
CA Tilak Raj Sharma
(Expert)
25 March 2009
answered
CA Nitin Wadhwani
(Expert)
25 March 2009
1.There is no need to book unrealized gain or loss as it not permitted by AS-1.
Even then the entries are
1(a).For Gain
Invst in Shares A/c............Dr
To Unrealized Gain A/c
(b)Unrealized gain A/c.........Dr
To P&L A/c
2(a)For Loss
Unrealized loss A/c.........dr
To Invst. in Shares a/c
(b)P&L A/c......................Dr
To Unrealized Loss a/c.
2.treatment of fixed deposit
Fixed deposit a/c..........dr
TDS Receivable(Interest)...dr
To Interest Accrued A/c
Even then the entries are
1(a).For Gain
Invst in Shares A/c............Dr
To Unrealized Gain A/c
(b)Unrealized gain A/c.........Dr
To P&L A/c
2(a)For Loss
Unrealized loss A/c.........dr
To Invst. in Shares a/c
(b)P&L A/c......................Dr
To Unrealized Loss a/c.
2.treatment of fixed deposit
Fixed deposit a/c..........dr
TDS Receivable(Interest)...dr
To Interest Accrued A/c
Manmohan ACA, CS
(Expert)
25 March 2009
experts are right
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
