INVESTMENTS
This query is : Resolved
20 September 2010
In investment accounts(format accounts) When the value of investments is less than market value we record the difference in fair value change a/c[DIMINUTION OF INVESTMENTS]. What if the value of investments is greater than market value, where to record for the difference?
20 September 2010
Unreaslised gains are never recognised in accounts as per prudence concept.
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20 September 2010
THANK U SIR
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