I hope everyone is well :-)
I was wondering if someone could help me with a question, under FRS 102 1A what is the movement for unrealised gain/(loss) on a quoted investment?
I've had someone say "it goes straight to the P&L" and someone say "it goes to the P&L and then you move it to a reserve under the P&L in the year and call it other reserves " and someone also say " it just goes straight to reserves".
Please could someone clarify the correct way, our Technical Officer is out of the office and I'd like to finish a set of accounts correctly :-)
Thank you for you time in advance folks :-)