what will be the carrying value of investment in FY 2022 if the cost on 1april2020 is rs1000 and the market value on 31-3-2021 is rs900
and market value on 31-3-2022 is 950 rs
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Carrying value of investment
Replies (4)
Quick Summary
Carrying value of investment at net realizable value.
NRV? Carrying amount is the cost or revalued amount.
What will be the carrying value on 31march2022
950 or 900 ?
950 or 900 ?
950 is the lowest so it must be posted. It seems that as13 is different because other conventions dont have this criteria. Its only cost or revalued amount.
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