Homework Answers
| In the Books of Hoosler Company | ||||
| As on 31st December 2018 | ||||
| Sr.No. | Date | Particulars | Amount (Dr.) | Amount (Cr.) |
| a. | 31-12-2018 | Trading Securities | ||
| Trading Securities | 41000 | |||
| Unrealized Gain on Investment | 41000 | |||
| (Being amount of Unrealized holding gain and losses are including in income at it was reported at face Value ) | ||||
| b. | 31-12-2018 | Available for Sale services | ||
| Available for Sale services | 41000 | |||
| Unrealized Gain on Investment (Other Income) | 41000 | |||
| (Being amount of Unrealized gain not including in income and reported as separate shareholders equity & at it was reported at net amount) | ||||
| c. | 31-12-2018 | held to maturity Securities | ||
| (Being amount of Unrealized holding gain and losses are not recognized in income at it was reported at Amortized cost ) | ||||
| Grand Total | 82000 | 82000 | ||
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