Accounting Practices for Victoria Company

Accounting Practices for Victoria Company

Account for the Securities' Sale from each portfolio of Victoria

Trading securities are basically the investment of the company that it considers for sale in near future. It is to mention here that these types of securities are highly liquid and it is categorized as current assets in the balance sheet of the business. After referring to the case, the treatment of the marketable securities in accounting of sale will be done on the realized gain or loss of the securities are recorded accordingly (Glautier, 2011). It is also to mention here that ...