DISCLOSURE in case of AS 13 – and Disposal of Investments – CA V G S Mani

  • Accounting policies followed for valuation of investment
  • Classification of investment into current and long term in addition to classification as per Schedule VI of Companies Act in case of company
  • Aggregate amount of quoted and unquoted securities separately
  • Any significant restriction on investment like minimum holding period for sale/disposal, utilization of sale proceeds or non-remittance of sale proceeds of investment held outside India

DISPOSAL OF INVESTMENTS – CA V G S Mani

  • When an investment is disposed off, the difference between the carrying amount and net sale proceeds [Gross sale less expenses] is recognized in the profit and loss account
  • When only a part of total investment is disposed off, the carrying amount of that part of investment is determined on the basis of the average carrying amount of the total investment

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