a company A holding 26% of share of another company Bas investment amounting to Rs. 25Lac
the other company B is dormant company
can a company A write of investment in its books of accounts
pleas suggest
1 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 09 September 2018
19. Where there is a decline, other than temporar y, in the carrying amounts of long term investments, the resultant reduction in the carryin amount is charged to the profit and loss statement. The reduction i g n carrying amount is reversed when there is a rise in the value of th e investment, or if the reasons for the reduction no longer exist. Please get sure about non recovery of the same. You need to show under exceptional item, otherwise your company profit not showing as per the business activity.
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
