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Hey sir,
Kindly enlighten me on this phrase. Investment at fair value through profit and loss.
Thanks in advance.Hi sir
Investment at fair value through profit and loss at 31 march 2008= 12500
the investment at fair value through profit and loss are held in a fund whose value changes directly in proportion to a specified market index. At 1st april 2008 the relevant index was 1,200 and at 31 march 2009 it was 1,296.
show extract in the profit and loss statement.thank you sir in advance
This is a financial instrument – a holding in an investment that could be in the form of shares, a fixed interest bond or indeed anything. It’s held as an investment for income or capital appreciation or both.
At the date of acquisition, the company had to make a decision – shall we account for any movement through other comprehensive income or shall we elect to reflect movements through profit or loss.
This company has chosen to reflect changes through profit or loss
OK?
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