by R. Venkata Subramani | Sep 20, 2012 | Uncategorized
When an asset is purchased, in trade date accounting, the asset is recognized and brought into the books of account on the date of trade and a corresponding liability is established. The liability is knocked off when the settlement of the liability happens. When the...
by R. Venkata Subramani | Sep 20, 2012 | Uncategorized
Following settlement date accounting, the asset as well as the liability is recognized on the settlement date. Here the asset gets recorded only at the value at which it is actually settled, the difference between the cost of acquisition actually payable for such...
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