Loss on investments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
What is d treatment of loss of investments according to accounting standards if it is a normal loss or an substantial loss???
CA CS Amit S. Kedia
(Expert)
20 September 2012
Loss on sale of investment shall be separately shown under "gain/loss on sale of investment" in pnl a/c irrespective of the amount of loss.
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