Revaluation
trishup (St Xaviers kolkata and aspiring CA CS) (174 Points)
15 June 2016
Revaluation profit on asset is credited to revaluation reserve or capital reserve?
2 Replies
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 June 2016
Hello Trishup,
Any profit on revaluation of assests is credited to Revaluation Reserve,
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