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According to IFRS, which value of Current marketable securities is recorded in balance sheet ? 1) Face Value 2) Market Value

Accounting Standards
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Question added by Imran Zafar , Accounts Executive , Mukhtar Mills Private Limited
Date Posted: 2014/10/01
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Talal Mohammed Arif
by Talal Mohammed Arif , Senior Financial Accountant , Al Shara Arabia

According To IFRS13 Measurement of Financial Instrument, Current marketable securities must be recorded at its current market fair value i.e. the price or rate you will get on its sell or exchange.

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