AS-13
This query is : Resolved
Dipankar Mukherjee
(Querist)
15 October 2009
In case of investment in subsidiary, if the networth of the subsidiary is nil or negative what is the value of investment?
sunny bansal
(Expert)
16 October 2009
As u have the investment in the subsidiary & it is shown under the long term investment. therefore as per the as-13 in case if there is a permanent dimulation in the value of long term investment.we should recognised the loss by reducing the value of the investment.if this nil/negative is temporary then u r not required to do so. but it appears thet its a permanent dimulation therefore u should recognised the loss.
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