for say a firm purchased investment (FV-100) at 95 on 10/10/2018.
at what cost will the asset be recorded on 31/3/2019 in the firm's balance sheet and why?
Menu
Investment
Replies (4)
as per AS13 investment shud be recorded at cost
In Phase Value will be recorded in firm's balance
initial recognition of investment at cost and then cost or Fv whichever is less
if it's long term investment then it should always be carried at cost except there is a decline in market value other than temporary
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
