Acconting Standard 13
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2011
AS13 says that carrying amount of Long Term Investment usually at Cost, or
if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline.
My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet?
if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline.
My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet?
26 April 2011
if increase in value of investment(which is not temporary) then increase in carrying amount of investment should be make.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2011
thank you sir.
but would you plz explain me with a short example. I want reason behind this, that why we take increase part in Balance Sheet.
but would you plz explain me with a short example. I want reason behind this, that why we take increase part in Balance Sheet.
27 April 2011
becouse "True and Fair view of financial statement".
true value of investment should be appear in B/S.
true value of investment should be appear in B/S.
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