Treatment of govt security in balance sheet
deep mahintamani (student) (92 Points)
23 September 2013
under which head of the balance sheet govt security will be shown?
3 Replies
CA. Mayur
(Service)
(147 Points)
Replied 23 September 2013
I believe its investment in G-Sec, therefore it should be discloused under Investment schedule.
deep mahintamani
(student)
(92 Points)
Replied 23 September 2013
thank you sir....then i think it will be treat as short term investment...ryt sir??
Ashok
(Industry)
(416 Points)
Replied 12 December 2013
depends on the investment instrument. What is the exact instrument - nsc certificates or g-secs? and why did you invest? surplus funds or is it some sort of deposit needed by a supplier/customer etc.
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