Question

6) If market value of Investment held
as current asset is less than cost,
o
difference is credited to P&L
o
difference is debited to P&L
O difference is ignored​

Answer 1

Answer:

Answer will difference is debited to P &L.

Explanation:

AS THE AMNT.OF INVESTMENT IS SEEMING TO BE LOWER THAN THE REAL COST SO,IT IS LOSS FOR THE INVESTER.

Answer 2

The correct answer is OPTION Difference is ignored.

• In financial accounting, an asset is any resource that a firm or economic organisation owns or administers.
• Everything that can be used to make money is included tangible or immaterial.
• Money can be exchanged for assets, which are monetary worth although cash itself is also considered an asset.
• The balance sheet shows the monetary value of a company's assets.
• It safeguards a person's or a business's cash and other valuables.