At the end of each accounting period,trading securities must be adjusted and reported at fair value.

Question

Quizplus · Accepted Answer

Trading securities are classified as investments that are bought and held for sale in the near term with the objective of generating profits. As per accounting standards, at the end of each accounting period, trading securities must be adjusted and reported at fair value. Therefore, the statement is true.

At the End of Each Accounting Period,trading Securities Must Be