08-18-2010, 05:26 PM
At balance sheet date Listed securities held for trading are value at rate prevailing in stock exchange at the date of balance sheet and difference is charged to P&L while in case of AFS Listed securities such difference is taken to surplus on revaluation account in BS. Unlisted securities are valued using breakup value of the shares at balance sheet date after taking the impact of any qualification in auditor's report.
