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AS-13

Surya Jain (Student) (944 Points)

16 December 2008

Can any one explain me tell me something about AS-13 (Accounting for Investment).

Surya

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(Guest)

AS 13 says abt tratment of Investments..It states how the investments are going to be clasified whether Current investments or Long term.When Provison for Dimunation in Investments going to be provided..

there are more isuues I m attaching AS 13 for ur reference.

Go th it.

Thanks

Attached File : 3 as 13.pdf downloaded: 289 times

Surya Jain (Student) (944 Points)
Replied 16 December 2008

Thanks but this AS I also have. You tell me one-one example of duties on investment & Fees on investment Which is there in cost on investment para. And also tell me one example of fair value & also tell me that why assets held as stock-in-trade are not investment.

Mani VGS (Teacher) (729 Points)
Replied 16 December 2008

Investment would mean which are intended to be held at least for few period. If your intention with respect to the asset is to "purchase and sell" and not to purchase withhold", what is the question of calling it as an investment?

But shares, debentures and other securities held as stock-in-trade (i.e., for sale in the ordinary course of business) are not ‘investments’ as defined in this Statement.

However, the manner in which they are accounted for and disclosed in the financial statements is quite similar to that applicable in respect of current investments.

Accordingly, the provisions of this Statement, to the extent that they relate to current investments, are also applicable to shares, debentures and other securities held as stock-in-trade, with suitable modifications as specified in this Statement