AS 13 Accounting for Investments

Accountancy

Investment reclassified, Current to long term: Investment valued at Carrying amount (i.e lower of cost or carrying amount) In this case difference between cost and carrying amount should be charged to P&L A/c or not...? i.e Cost is Rs. 18 lakhs ; Carrying amount is Rs. 12 lakhs. Investment valued at Rs. 12 lakhs, the difference of Rs. 6 lakhs want to charged to P&L A/c or not...?

Ravikumar Pandi

CA Inter

★ 2K+

29-Apr-22 19:01

449

Answers (2)

Sorry Investment reclassified *Long term to Current*. I made mistakes at the time typing.

Thread Starter

Ravikumar Pandi

CA Inter

★ 2K+

29-Apr-22 19:05

It will be charged to P&L

CA Suraj Lakhotia

Admin

30-Apr-22 10:32