Financial reporting

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Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2016 Rather than booking impairment in books can i show all the loss as loss on disposal in SPL?

Amit Ashok Chawla (Expert)
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19 December 2016 This would be an incorrect treatment. Impairment loss does not wait for sale to take place, but is charged on the basis of prudence.

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