Property at market value AS-13

The carrying amount for current investments is the lower of cost and 
fair value. Indian AS your all wronged, youve missed opportujities for companies and eploited companies. Indas is recession tested.  Do you all know what it means? 

Depends on the investment. Equity investment losses are taken to reserves and revaliation losses are taken to reserves and trading losses are taken to pl

I said equity investment losses and correct me if i am wrong. Because loss on discount is miscellaneous expenses and its an asset. It can be written off against pl or premium account. 

Sorry! First time downward revaluation is. Then on it can be treated directly onto equity