Question
The market value of an investment in shares measured at fair value through other comprehensive income under FRS 109 in KK Ltds books has increased
The market value of an investment in shares measured at fair value through other comprehensive income under FRS 109 in KK Ltds books has increased from its last carrying value. The journal entry to record this increase will include
A credit to Available for Sale Investment.
None of the listed options.
A credit to the Unrealised gain on investment (Income statement).
A credit to the Unrealised gain on investment (Other comprehensive income).
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Accounting For Sustainability
Authors: Gunnar Rimmel
1st Edition
0367478927, 9780367478926
