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(Querist)
14 July 2011 an upward revaluation does not provide a basis for crediting to P & L a/c the accumilated depreciation existing at the date of revaluation


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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 July 2011 Any upward revaluation should be credited to the Revaluation reserve account only and not to the P & L a/c.

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