why we are revalution of fixed assets
This query is : Resolved
29 October 2009
Dear all
Please give me u r reply
Please give me u r reply
29 October 2009
We show assets in our books at historical cost and charge the depreciation on the assests,
But in real the value of the assests is not equal to the carring cost of assets,
so to show the real picture of the assets in books of accounts we revaluate the assests
But in real the value of the assests is not equal to the carring cost of assets,
so to show the real picture of the assets in books of accounts we revaluate the assests
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