I HAVE INVESTED IN A CO. WHERE IN CO. GOT BANKRUPT & THE ENTIRE SUM IS NOT REFUNDABLE WHAT WUD BE AFFECT IN B/S WHETHER NOT SHOW AS INVST OR ANY OTHER TREATMENT.
1 Replies
pratik upadhyay
(AUDIT COMPLIANCE OFFICER)
(469 Points)
Replied 11 May 2012
permanent decline in value of investment as per AS 13 therefore it should be written off in P & L Account. thus the investment should be vanished from B/s
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