Accounting Standard-13 Accounting For Investments

1).Current investments and long-term investments shall be disclosed distinctly with further sub-classification.

2).Cost of investment to include acquisition charges, e.g., brokerage, fees and duties.

3).Current investments shall be disclosed at lower of costs and fair value.

4Long-term investments shall be disclosed at cost.

5).Provision for decline (other than temporary) to be made.

6).Adequate disclosure is required for: the accounting policy adopted — classification of investments — income

from investments, profit/loss on disposal and changes in carrying amount of such investment — aggregate

amount of quoted and unquoted investments giving aggregate market value of quoted investments.

7).Significant restrictions on right of ownership, realisation of investment and remittance of income and

proceeds of disposal thereof be disclosed.