in AS 13 Current investments must be carried in financial statements at and which is determined...........

Accountancy (Phase -I & II) Accounting standards

in AS-13, Current investments must be carried in financial statements at .................and ................. which is determined either by category of investment or on an individual investment basis, however, not on the overall basis.

at higher cost anf market value

at Lower cost and market value

at Lower cost and fair value

none of the above

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Explanation:

Carrying Amount of Investments

Current investments must be carried in financial statements at lower of cost and fair value which is determined either by category of investment or on an individual investment basis, however, not on the overall basis.