Impairments of assets
This query is : Resolved
23 May 2011
A factory been closed because of license problem. whether assets relating to such business can be impaired if so whether such loss be adjusted in general reserve instead of charging the profit and loss.
Please clarify my doubts
Please clarify my doubts
05 June 2011
Impairement will be there and losses can not be adjusted with general reserve it will be debited in profit loss account.please refer AS for this
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