An unquoted long term investment is carried in the books at a cost of Rs.2 lakhs....
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An unquoted long term investment is carried in the books at a cost of Rs.2 lakhs. The published accounts of the unlisted company received in May, 2017 showed that the company was incurring cash losses with declining market share and the long term investment may not fetch more than Rs.20,000. How will you deal with this in preparing the financial statements of R Ltd. for the year ended 31st March, 2017? st An unquoted long term investment is carried in the books at a cost of Rs.2 lakhs. The published accounts of the unlisted company received in May, 2017 showed that the company was incurring cash losses with declining market share and the long term investment may not fetch more than Rs.20,000. How will you deal with this in preparing the financial statements of R Ltd. for the year ended 31st March, 2017? st
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i Because the question states that financial statements for the year ended March 31 2017 are being p... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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