Impairment Vs Investments
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.
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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