Question

Accountancy

In the Plymouth LTD Illustration, the amount of 0.42L which is to be charged off to P&L A/C, can we call such amount as IMPAIRMENT LOSS? PLEASE EXPLAIN

Mohamed Kaiz

CA Inter

★ 5K+

29-Jul-25 16:53

226

Answers (2)

Yes. The excess of carrying amount over the recoverable amount is impairment loss.

CA Suraj Lakhotia

Admin

01-Aug-25 17:00

CA Suraj Lakhotia Admin

Yes. The excess of carrying amount over the recoverable amount is impairment loss.

Thankyou Sir

Thread Starter

Mohamed Kaiz

CA Inter

★ 5K+

02-Aug-25 16:04

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