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Provision for diminishing value of long term investment

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2011 IS it compulsory to provide a provision in case the market value is lower than the cost of long term invstment.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 August 2011 It would depend upon the accounting policy of the company

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