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of <h1>Understanding AS 13: Accounting for Investments, Valuation Methods, and Disclosure Requirements for Financial Statements</h1> Accounting Standard (AS) 13 addresses the accounting for investments in financial statements, excluding certain categories like interest, dividends, and mutual funds. It defines investments, distinguishing between current (held for less than a year) and long-term investments. The cost of investments includes acquisition charges, and their carrying amount is determined by cost or fair value, with provisions for declines in value. Disposal of investments involves recognizing the difference between carrying amount and proceeds. Disclosure requirements include accounting policies, investment classifications, and significant restrictions. The standard emphasizes individual assessment of long-term investments and prudent valuation methods.
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