AS 13

Suresh Pai S (Tax Consultant) (1029 Points)

01 March 2017  
What is the meaning of this sentence?
AS 13

Where the investments are acquired on cum-right basis and the market value of investments immediately after their becoming ex-right is lower than the cost for which they were acquired, it may be appropriate to apply the sale proceeds of rights to reduce the carrying amount of such investments to the market value.