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    • 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).

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