As 13 - accounting for investment

Disclosure requirements of AS-13:

• Accounting policies for determining carrying amount of investments
• Classification of investments
• Agreegate value of quoted and unquoted investments
• Amount included in the profit and loss account for interest or dividends received or disposal of investments etc.

my friend..Nagasai....

whether that specific case applicable..

As-13 is applicable for invetment in land and bilding subject to the investment made with an intention to earn capital appreciation.

for ex..if a company purchased a building not for its bussiness but for earning rent by letting out, then it is not a  fixed asset ,it is regarded as investment as per AS-13

Hope you clarly understand with this example

sir Iiwant to know, if any hospital has invested money in mutual fund etc, then how the accounting is done for such investment...