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why we are revalution of fixed assets

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(Querist)
29 October 2009 Dear all


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CA Balram Sharma

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CA Balram Sharma (Expert)
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

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