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Doubt in investment
Wat will be d effects to be given when rights issued by any Company r renounced by d investor?? As acc to AS13 it should be credited to profit and loss account, while in some books it was written that it should be adjusted with the cost of the investment?? Pl help, in my ipcc exam which effect should be given if that particular adjustment comes in exam
Replies (3)
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It should be Adjusted with Cost of Investment as per As 13. This treatment has been done acc to CA final FR.
Thank you so much both of them
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