Revaluation of fixed assets
Danish (student) (149 Points)
25 October 2013
For what purpose is the revaluation of Fixed assets done..??
3 Replies
TUSHAR
(N.A)
(33 Points)
Replied 26 October 2013
When assets was in the name of the firm and from them any one of the partner is retiring than the assets of the firm will be revaluded and revaluation reserve was created and the share of the same was paid to retiring partner.
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