S.L. 601.1 Art. 74Accounting for the purchase or sale of securities.

(1) In accounting for the purchase or sale of securities the cost price or selling price thereof shall be entered under

"Investments" or "Investments Realised" below-the-line, that is to say, following after and distinct from the entries relating to revenue and to expenditure charged against revenue.

(2) Any profit or loss on sale as compared with the value at which the securities sold appear in the accounts shall be credited or debited as the case may be to the proper account to which securities belong, unless otherwise provided for in any law.