Question

    An entity holds equity shares for trading purposes. The

    market value of the shares decreased by ₹1 lakh by year-end. How should the decline be recognised as per Ind-AS 109?
    A Ignore, as unrealised Correct Answer Incorrect Answer
    B Charge to P&L as fair value loss Correct Answer Incorrect Answer
    C Show as OCI item Correct Answer Incorrect Answer
    D Adjust from revaluation reserve Correct Answer Incorrect Answer
    E Note only in disclosure Correct Answer Incorrect Answer

    Solution

    Trading assets are measured at fair value through P&L (FVTPL).

    Practice Next
    ask-question