alleryStart learning →Investments worth Rs 50 lakh at 31 March fall to Rs 40 lakh by 15 April. The year-end amount should
AStay at Rs 50 lakh
BBe cut to Rs 40 lakh
CBe cut to Rs 45 lakh
DBe shown at cost
Answer & Solution
Correct answer: A. Stay at Rs 50 lakh
The fall arose after the reporting period, so recognised amounts are not adjusted and only disclosure may follow.
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