Treatment of disposal of investment

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2012 How we disclose the reversal of provision made for the dimunation in the value of long term investment

Guest

Guest (Expert)

20 June 2012 Dear,
For this you just to reduce the provision.
But it shall be done only when the increase in value of investment is of permanent nature.
Reverse the entry which you have passed at the time of diminuation.

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2012 actually i am asking the way to disclose the reversal of provision in revised schedule.and there is no permanent increase but all the investment are sold for which provision hsa been created.