Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2011
What do we mean by upward revaluation of an asset?
04 August 2011
As per AS 10, when we increase the value of an asset during revaluation, the same is known as upward revaluation.
04 August 2011
upward revaluation of an asset means increase in value of assets.
Exmp -
cost of assets = Rs. 100/-
Revaluation of assets = Rs. 150/-
this is the case of upward revaluation.
Exmp -
cost of assets = Rs. 100/-
Revaluation of assets = Rs. 150/-
this is the case of upward revaluation.
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