Acconting Standard 13
Querist : Anonymous
if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline.
My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet?
Querist : Anonymous
but would you plz explain me with a short example. I want reason behind this, that why we take increase part in Balance Sheet.
true value of investment should be appear in B/S.
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