Cost of co-operative society shares needed to hold an investment property is:
Aa current holding
Bwritten off as expense
Cadded to property cost
Dcarried to reserves
Answer & Solution
Correct answer: C. added to property cost
Shares whose holding is directly tied to the property right form part of that property cost.
Keep practising AS 13 Accounting for Investments
Browse all AS 13 Accounting for Investments questions for CA Inter, or explore more Accounting topics.
Related questions
Profits on disposal of current and long-term investments are shown:Statements classify fixed assets, investments and current assets into:A readily realisable investment is meant to be held for 18 months. It is:A readily realisable investment made on 1 April is intended to be sold on 15 February nextIf dividend cannot be allocated except arbitrarily, cost is cut only if it:Interest and rentals on investments are shown separately for:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining: