Basic query in accounting
This query is : Resolved
pavankumar
(Querist)
19 October 2013
Investment a/c
If cost of current Investment at the year end=Rs93413 and Market value of investment at the year end=Rs Rs94050
In the above context:
Q1)Whether Difference of Rs637 will be Recognise in profit and loss a/c?If not Why?
I will be very much thankful to you.
If cost of current Investment at the year end=Rs93413 and Market value of investment at the year end=Rs Rs94050
In the above context:
Q1)Whether Difference of Rs637 will be Recognise in profit and loss a/c?If not Why?
I will be very much thankful to you.
19 October 2013
Closing value of investment is valued at cost, as it is lower than the market value.
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pavankumar
(Querist)
19 October 2013
Is it correct to say in the above situation that difference of Rs 637 will not recognised as profit because it is Unrealised Gain.?
CMA Ramesh Krishnan
(Expert)
19 October 2013
you can recognise the profit/loss on investment only on sale of such investment, market value just indication of your investment value, unless you sell the investment the gain cannot be recognised in the books.
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