Unrealized Gains and Closing Books

DaveC49 davidcousens at bigpond.com
Sun Dec 24 16:25:02 EST 2017


The short answer is yes. but the following articles may give you some
insights into how unrealized gains and losses are usually recorded and
reported. These article provides some info about treatment of unrealized
gains and losses on trading securities under the GAAP in the US
(http://smallbusiness.chron.com/gaap-accounting-rules-unrealized-capital-gains-67388.html,
https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-ii/investments/balance-sheet-classification-valuation).
I would only use them as a guide and not as definitive advice and seek
professional guidance. The second has some examples of transactions to
record unrealized gains and losses in the various categories. 



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David Cousens
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