Valuation of Investment in Trust Books
This query is : Resolved
03 December 2008
There is a Trust which makes Long Term Investments in MUF.The Company purchases the units at a premium. What is the accounting treatment for the premium paid on purchase of Investment? Should it be added to the Cost of the Investment(AS-13) or should it be amortised over the life of the Investment?Plz reply
Thank U
Thank U
03 December 2008
Better to follow AS 13.
03 December 2008
Is it mandatory as per ICAI or is it prudent to amortise the Premium
11 October 2009
s this old query still pending, plz send pm.
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