Long Term Investments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2009
Can long-term investments be revalued?
02 December 2009
If there is permanent decrease in long term investments then it needs to be revalued as per AS 13. however subsequent permanent increase need to be adjusted to the extent of pervious decrease. Regards,
CA Shakuntala Chhangani
CA Shakuntala Chhangani
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
How to revalue the long-term investments?
What does AS 13 states for it?
I think AS 13 just states about the diminishing in the value of investments.
There is no priciple as such for revaluation of long term investments?
What does AS 13 states for it?
I think AS 13 just states about the diminishing in the value of investments.
There is no priciple as such for revaluation of long term investments?
06 December 2009
As per AS-13; in case there is a decrease in the value of long term investment which is of permanent nature :-
Loss in Long Term Investment a/c Dr
To Respective Investment a/c
Transfer it to profit and loss account.
When there is any increase (may be above the cost of long term investment) then reverse the above entry and bring the Investment a/c to its original price.
Indicators of value of an investment -
1. Market Value 2. Assets and Results of Investee Co. 3. Type and extent of stake in the investee co.
CA Rakhecha,
Surat
Loss in Long Term Investment a/c Dr
To Respective Investment a/c
Transfer it to profit and loss account.
When there is any increase (may be above the cost of long term investment) then reverse the above entry and bring the Investment a/c to its original price.
Indicators of value of an investment -
1. Market Value 2. Assets and Results of Investee Co. 3. Type and extent of stake in the investee co.
CA Rakhecha,
Surat
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
