can shares be shown at book value in the balance sheet of a proprietary firm????
or it has to be shown at market value.... plz reply....
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Value of shares in bs
Replies (1)
If the shares are Long Term Assets then the same shall be recorded at cost. Whereas if they are to be sold within a year then they shall be recorded at cost or market value whichever is lower.
Regards,
Devendra Kulkarni
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