Revaluation of fixed assets
This query is : Resolved
28 September 2011
Can Fixed Assets Revaluation Reserve be used for setting off devaluation of Investments (Shareholding in Subsidiary Co.)?
28 September 2011
No not at all, the Fixed asset revaluation resperve cannot be utilsed to set off the devalucation of investment, it is against the true and fair presentation of accounts.
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