Valuation / Revaluation of assets

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Anil (Querist)
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09 March 2009
I would like to know the difference between valuation and revaluation.

Can we say Fixed assets are REVALUED every year and stock is VALUED every year?

If possible kindly quote any accounting standard which deals with this.

Thanks .

Anil

Anal.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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16 March 2009 monetary assets are 'value' such as stock, investment

non-monetary assets are 'revalued' such as machinery, building

refer AS-11

regards...........!