Gold is shown under the heading in banking final account.
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no. gold is shown under current asset account if business will convert it into cash within one year.
but if it is hoing to be converted in cash within one year it will treated as non current investment and shown under the column non current asset
hope this will help you.!
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Gold is displayed under the investments heading and under others subheadings.
Investments go under Schedule 8 of financial statements. Gold is the asset of the bank which can be held available to be sold. To that end, it is arranged under investments. investment are isolated into 6 sections which are govt. securities, debenture, shares, subsidiaries, approved securities, and others. Gold is remembered under Schedule 8.
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