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revaluation reserve

Rakesh Kalyani (124 Points)

07 April 2018

why do we create revaluation reserve?

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prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 08 April 2018

Revaluation reserve is for revaluation of asset as and when requried .

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Rakesh Kalyani (124 Points)
Replied 08 April 2018

Sir why it is liability then plz explain?

srikumar (audit staff) (1203 Points)
Replied 08 April 2018

know the market value of assets,

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