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Property at market value AS-13

13 January 2023

does the property held for investment purposes is recorded at market value or cost whichever is lower if yes then if the market price is lower the loss is tranfer to which account (revaluation, capital reserve etc) ?

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5 Replies

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 13 January 2023

The carrying amount for current investments is the lower of cost and
fair value. Indian AS your all wronged, youve missed opportujities for companies and eploited companies. Indas is recession tested. Do you all know what it means?

Depends on the investment. Equity investment losses are taken to reserves and revaliation losses are taken to reserves and trading losses are taken to pl

sabyasachi mukherjee (26187 Points)
Replied 14 January 2023

Revaluation reserve and then to capital reserve.

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 14 January 2023

I said equity investment losses and correct me if i am wrong. Because loss on discount is miscellaneous expenses and its an asset. It can be written off against pl or premium account.