The relevant date of segregation of income and expense is date of. --------
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The relevant date of segregation of income and expense is the date of acquisition.
- It is the date where the acquiree's properties are valued for crucial accounting and tax purposes.
- The holding duration of the units in the segregated portfolio must be determined by investors. The income and expenses are then treated.
- if the user has a segregated account, then the initial date of investment in a fund is the date of acquisition.
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Explanation:
The relevant date of segregation of income and expense is date of acquisition
The acquisition date is the date when an acquirer takes charge of some company or asset from its previous shareholders. This date of acquisition is mentioned on the acquisition agreement. On this date, the assets acquired by the acquiree are capitalised for accounting and tax purposes
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