Historical value vs realisable value
Raph Ael (57 Points)
10 June 2018
Difference between liability recorded at historical value and realisable value.
4 Replies
Sunil Ahmad
(Student)
(1511 Points)
Replied 10 June 2018
Historical Value - value of asset mentioned in balance sheet on that date/year end.
Realisable value - amount that shall realise from sale of that asset.
Realisable value - amount that shall realise from sale of that asset.
Vishvajeet Chaurasia
(40 Points)
Replied 10 June 2018
suppose u purchased a land on 2008 of value 5lakhs and the current value of this land now is 20lakhs (2018)
here 5lakh is historical value while 20 lakh is realishble value
here 5lakh is historical value while 20 lakh is realishble value
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