When assessing the stock price last year cost less than the selling price Mention treatment according to the Accounting Standard?

Accounting Tax Accounting Financial Data

Question added by Walied EL-Lakany , Financial Controller , Accounting and Tax Consulting Group
Date Posted: 2014/06/05

Upvote (1) Views (1) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by IBRAHIM MOHAMMED - CMA , Senior Accountant , Ajal Finance & Investment K.S.C.C

stock price less than the selling price to be ascertain from the market (stock market or secondary market) and to book unrealized gain / loss as FRS7 AND IAS32,

Upvote (1)

Downvote Reply () Report

More Questions Like This

Standards issued by the international accounting standards board (IASB) are known as:
Top Answer: b. International Accounting Standards (IASs) c. International Financial Repor ... See More

Answers (14)
the process of convergence of accounting standards around the world aims to:
Top Answer: bring about uniformity for world wide.compasrability. See More

Answers (7)
Can IPSAS standards replace existing accounting standards of govnts in Least Developed Countries in Sub Saharan Africa for better Public Fin. Mgnt?
Top Answer: Standards of the government are in priority See More

Answers (2)
Mention whether the account “Cash” will be credited or debited, when a company pays a bill?
Top Answer: Thanks for inviting: Cash will be credited. The rule of real account applies Dr. what comes in Cr. What g ... See More

Answers (19)

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

When assessing the stock price last year cost less than the selling price Mention treatment according to the Accounting Standard?

Popular Searches

More Questions Like This