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is it right to go through any method cum or ex intrest if the method is not described in investment accounting sums

Sankar jha 2nd Jan, 2020

Answer (1)

Ayush 6th Dec, 2020

Hi Candidate,

The standard requires classification of investments into one of three categories: held to maturity, trading or available for sale.

An investment accountant differs from regular accountants, which work to monitor and handle finances for individuals, businesses, and companies. This investment is initially recorded at cost. At the end of each subsequent accounting period, adjust the recorded investment to its fair value as of the end of the period.

Hope that this answer helps you.

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