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DIMUNITION IN VALUE OF INVESTMENTS

This query is : Resolved 
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(Querist)
24 September 2008 THE VALUE OF SOME OF THE INVESTMENTS(EQUITY SHARES) HELD BY OUR COMPANY HAVE BECOME ZERO. WE HAVE NOT PROVIDED FOR ANY DIMUNITION IN THEIR VALUE IN THE PAST.

CAN THESE BE WRITTEN OFF NOW? WHETHER THESE WRITE OFFS CAN BE ADJUSTED FROM OUR GENERAL RESERVES ?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
24 September 2008 You can provide for dimunition in value which will be a charge to the profit and loss account
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