Meenakshi S (Self employed) 28 December 2020
I have invested in few stocks of different companies and is planning to keep them for more than 5 years. I have to make my balance sheet. How will I record them and what will be the second effect. Kindly explain in detail. Suppose in my first year B/S only capital (liability side) and FA, Cash and Bank were there (on asset side). Now in the second year I invested in share market. How will be my second year B/S? Kindly explain. Thanks
yasaswi gomes 28 December 2020
You add the investment asset on the asset side. You have to follow AS 13.
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