of+no+account+or+value
131permanent diminution in value — A fall in the value of an asset that is unlikely to be reversed. The fixed asset must be shown in the balance sheet at the reduced amount, which will be the estimated recoverable amount. A provision has to be made through the profit and loss… …
132no par value capital stock — In the USA and Canada, stock (shares) that have no par values printed on the stock certificate. An advantage of such stock is that it avoids a contingent liability to stockholders in the event of a stock discount. For accounting purposes, on the… …
