Issue of shares - revalue
Atharv Sankliya (1323 Points)
12 March 2023
Like partnership firm when company issue share capital does they revalue their assets and liabilities??
Atharv Sankliya (1323 Points)
12 March 2023
Apurba Pandit
(Owner)
(0 Points)
Replied 13 March 2023
Revaluing assets and liabilities is not mandatory when a company issues share capital. It depends on the company's accounting policies, the requirements of the relevant accounting standards, and the specific circumstances of the company. Some companies may choose to revalue their assets and liabilities periodically to reflect changes in market conditions or other factors that may affect their value.
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