Provision for diminishing value of long term investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
IS it compulsory to provide a provision in case the market value is lower than the cost of long term invstment.
Aditya Maheshwari
(Expert)
23 August 2011
It would depend upon the accounting policy of the company
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