Answer Posted / avinash kumar
Question is not clear, I suppose quest as , Investment in
share where to show in balance sheet?
Ans: First calculate the market price of share and compare
with actual cost (Purchase price) Lower of the two will be
taken to the balance sheet. If company want to sell in
short term within twelve months it will be shown under
CURRENT ASSETS as Short Term Investment and If company want
to hold for long term generally for more than twelve monts
it will be shown as Long Term Investment after Fixed Assets
(as per revised schedule vi non-current assets) but before
Current Assets in balance sheet
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What steps would you take to locate the errors in case trial balance disagrees?
Tell me what is the abbreviation for the accounting terms debit and credit?
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
in terms of accounting the trial balance when is it taken?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
Tell me did you use accounting applications at your previous companies or prefer working manually?
What is purchasing order?
what is cost center & cost categories in tally
Dillution effect on EPS
what is lease accounting?? please explain me....
What is accounting normalization?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
what is the entry of credit card received excess amount entry in tally and their under group names
can i material bill book in miro without vat on transport charges ?