As -13 accounting for investments
This query is : Resolved
CA CS Rahul
(Querist)
19 February 2013
Is upward revaluation of Investments is possible / allowed by any means for an Unlisted company for its investments in the shares of any other listed company ?
for e.g.
if XYZ Pvt. Ltd. has purchsed 100 shares of Reliance @ 100Rs/share, then can it show its investments @ Rs. 850 (assuming Rs. 850 is the current market value of a Reliance share)in its Balance Sheet.
for e.g.
if XYZ Pvt. Ltd. has purchsed 100 shares of Reliance @ 100Rs/share, then can it show its investments @ Rs. 850 (assuming Rs. 850 is the current market value of a Reliance share)in its Balance Sheet.
CA Priyank Singhi
(Expert)
20 February 2013
It is not prudent and advisable to do the same. investments are valued at cost or market price whichever is lower.
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