IBPS RRB CA Officer Scale II Practice Questions - IBPS RRB Chartered Accountant Officer Scale II (IBPS, India) Exam

Under AS 13 (Accounting for Investments), how should current investments be valued in the financial statements?

At historical cost only At fair value / market value only At lower of cost and fair value At cost plus accrued interest/dividends

Correct Answer:

At lower of cost and fair value

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