Accounting standard -27
This query is : Resolved
16 April 2013
Hii
Can we show investment in JV as loan advances when jv is in the process of liquidation.
Please assist
Can we show investment in JV as loan advances when jv is in the process of liquidation.
Please assist
02 June 2013
If you show loans to JV in liquidation this money will never come back and a big question can be raised why this money was given?
In case the loan is given to liquidate the liabilities and after disposal of assets the money will come back then it can be given but with proper resolution.
In case the loan is given to liquidate the liabilities and after disposal of assets the money will come back then it can be given but with proper resolution.
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