Impairment Vs Investments

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2011 “A” Ltd is Pvt company started its operations in USA by creating its wholly owned subsidiary “B’ Inc. in USA. “B” Inc. has not generated any revenue & capital has been eroded during the last financial year. B Inc has not generate any business in last year & the revenue for B Inc was NIL.
Does AS 28 will be applicable “Impairment” of investment in the books of A Ltd or Whether A Ltd has to follow AS13 to account for investment.

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2011 Please go throgh the Ltd revision of AS 28.

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