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?
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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
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