07 February 2023
I would like to get advice on the below mentioned point. Company A has an investment with Company B. Both Company A & Company B have accumulated loss for the past years. Current year Company B done a valuation of company and the valuation shows 7times higher. According to that valuation of Company B, is it possible to increase the investment amount in the books of accounts of Company A thru FVOCI. Please Advice - reply to nair_pandarathil68@yahoo.com
CAclubindia
