banner_ad

Revalutation of land

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2014 Can you please provide an idea for revalutation of land.Can we use the municipility rate to revalue the land if it fall within the municipility area.Please provide the solution along with Journal entry and the treatment.
Profile Image

Ashok

Profile Image

Ashok (Expert)
14 April 2014 Revaluation that causes the land value to be stated at a higher price must be passed through revaluation surplus account which must be shown under reserves and surplus under equity. If there is fall in land value (unlikely) the decrease in land value must be taken through P&L account.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2014 can we use the municipility rate to revalue the land ?
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2014 we have to get approval from mgt committe for revalutation of land?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
25 April 2026
Tax Executive/Manager

BDMV & Co, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details