Basic query in accounting


This query is : Resolved 

16 October 2013 Whether below statements are correct?Please expain?
1. Investment in Current Assets is called Current investment.
2. Investment in Fixed Asset is called Long term investment.

I will be very much thankful to you.

17 October 2013 Not like that..
.
.
classification of longterm¤t investment is depends on maturity...of investment
.
.
kindly refer icai guidence note on revised schedule
.
.


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