Disclosure
This query is : Resolved
akhil katara
(Querist)
22 October 2010
Trade investments?
Aditya Maheshwari
(Expert)
22 October 2010
Disclosure
The following information should be disclosed in the financial statements:
the accounting policies for determination of carrying amount of investments;
classification of investments as specified in paragraphs 26 and 27 above;
the amounts included in profit and loss statement for:
interest, dividends (showing separately dividends from subsidiary companies), and rentals on investments showing separately such income from long-term and current investments. Gross income should be stated, the amount of income-tax deducted at source being included under Advance Taxes Paid;
profits and losses on disposal of current investments and changes in the carrying amount of such investments; and
profits and losses on disposal of long-term investments and changes in the carrying amount of such investments;
significant restrictions on the right of ownership, realisability of investments or the remittance of income and proceeds of disposal;
the aggregate amount of quoted and unquoted investments, giving the aggregate market value of quoted investments;
other disclosures as specifically required by the relevant statute governing the enterprise.
Classification of Investments
An enterprise should disclose current investments and long-term investments distinctly in its financial statements.
Further classification of current and long-term investments should be as specified in the statute governing the enterprise. In the absence of a statutory requirement, such further classification should disclose, where applicable, investments in:
Government or Trust securities
Shares, debentures or bonds
Investment properties
Others—specifying nature.
The following information should be disclosed in the financial statements:
the accounting policies for determination of carrying amount of investments;
classification of investments as specified in paragraphs 26 and 27 above;
the amounts included in profit and loss statement for:
interest, dividends (showing separately dividends from subsidiary companies), and rentals on investments showing separately such income from long-term and current investments. Gross income should be stated, the amount of income-tax deducted at source being included under Advance Taxes Paid;
profits and losses on disposal of current investments and changes in the carrying amount of such investments; and
profits and losses on disposal of long-term investments and changes in the carrying amount of such investments;
significant restrictions on the right of ownership, realisability of investments or the remittance of income and proceeds of disposal;
the aggregate amount of quoted and unquoted investments, giving the aggregate market value of quoted investments;
other disclosures as specifically required by the relevant statute governing the enterprise.
Classification of Investments
An enterprise should disclose current investments and long-term investments distinctly in its financial statements.
Further classification of current and long-term investments should be as specified in the statute governing the enterprise. In the absence of a statutory requirement, such further classification should disclose, where applicable, investments in:
Government or Trust securities
Shares, debentures or bonds
Investment properties
Others—specifying nature.
Message likes :
1 times
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- 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
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
