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AS 10, revaluation reserve which method is proper ?

Accountancy

Sir there are 2 ways one question is solved in sujjested answer different format is mentioned and in icai mat different format is mentioned

Sushmita Chowdhury

CA Inter

★ 715

12-May-24 05:38

Answers (4)

loss in not adjusted with revaluation reserve..why

Thread Starter

Sushmita Chowdhury

CA Inter

★ 715

12-May-24 05:39

in sujjested answer loss is adjusted with revaluation reserve which is right to follow

Thread Starter

Sushmita Chowdhury

CA Inter

★ 715

12-May-24 05:40

TO BE SPECIFIC ABOUT REVALUATION RESERVE Q7 = in solution where, net book value from 1/4/15 Q15 = 2nd box in solution Q16 = solution 4point

Thread Starter

Sushmita Chowdhury

CA Inter

★ 715

12-May-24 05:45

both are acceptable and depends on the question.

CA Suraj Lakhotia

Admin

20-May-24 15:24

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