Paridhi Electronics Ltd. invested in the shares of another unlisted company on 1st May 2012 at...

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Paridhi Electronics Ltd. invested in the shares of another unlisted company on 1st May 2012 at a cost of Rs. 3,00,000 with the intention of holding more than a year. The published accounts of unlisted company received in January, 2017 reveals that the company has incurred cash losses with decline in market share and investment of Paridhi Electronics Ltd. may not fetch more than Rs.45,000. You are required to explain how you will deal with the above in the financial statements of the Paridhi Electronics Ltd. as on 31.3.17 with reference to AS 13? Paridhi Electronics Ltd. invested in the shares of another unlisted company on 1st May 2012 at a cost of Rs. 3,00,000 with the intention of holding more than a year. The published accounts of unlisted company received in January, 2017 reveals that the company has incurred cash losses with decline in market share and investment of Paridhi Electronics Ltd. may not fetch more than Rs.45,000. You are required to explain how you will deal with the above in the financial statements of the Paridhi Electronics Ltd. as on 31.3.17 with reference to AS 13?

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