EPFO APFC • General Studies • 2023 • Q.107
Accountancy & AuditingMedium
107. The value of long-term investment in
shares is subject to wide fluctuations.
A provision created against fluctuation
in value of investments is based on
the convention of
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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