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Sir the difference between “Carry value” and “Fair value less costs to sell” to measure non current assets held for sale goes to Profit and loss as impairment loss right?
Sir the example in NCA – HFS is wrong. The 300 impairment loss goes to P/L and not against rev surplus. After classification as held for sale it always goes to P/L
However u have allocated it first to Surplus which is incorrect.
I referred the study text.
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