alleryStart learning →Interest and rentals on investments are shown separately for:
Adomestic and foreign holdings
Bequity and debt holdings
Cquoted and unquoted holdings
Dlong-term and current investments
Answer & Solution
Correct answer: D. long-term and current investments
Income is split between long-term and current investments, with gross amounts stated.
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:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining:Shares bought for Rs 2,00,000 carry brokerage of 1% and stamp duty of 0.25%. Cost?