reserve & surplus
This query is : Resolved
08 November 2010
can an investment be written off from reserve & surplus if nothing is recoverable from such investment?
08 November 2010
AS-13 talks about the investment.
If the invt is a short term investment then valuation cost prices or net realise value (market price) in yuour cases u can take it NRV is zero and debited to P&L A/c
if long term then investment needs to written only if it is permenent dimunsion in the value of investments.
Perment reductions examples were given in the standard.
I hope this is clear to u.
other views also invited
If the invt is a short term investment then valuation cost prices or net realise value (market price) in yuour cases u can take it NRV is zero and debited to P&L A/c
if long term then investment needs to written only if it is permenent dimunsion in the value of investments.
Perment reductions examples were given in the standard.
I hope this is clear to u.
other views also invited
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