alleryStart learning →A current investment of cost 60,000 was written down to 52,000; fair value is now 57,000. Credit to profit and loss?
ARs 8,000
BRs 3,000
CRs 5,000
DNil
Answer & Solution
Correct answer: C. Rs 5,000
The reversal brings the carrying amount from 52,000 to 57,000, still below cost, so 5,000 is credited.
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