Account
This query is : Resolved
21 June 2013
What is the nature of revaluation account?
Whether it is real, personal or nominal...?????
plzzz answer me
Whether it is real, personal or nominal...?????
plzzz answer me
Ganeshbabu K
(Expert)
22 June 2013
1)it is nominal natured account
2)revaluation account is opened to record revaluation of assets and liabilities and profit on revaluation is closed by chargiing to proft and loss account in the same year.
Thanks & regards
Ganesh babu
2)revaluation account is opened to record revaluation of assets and liabilities and profit on revaluation is closed by chargiing to proft and loss account in the same year.
Thanks & regards
Ganesh babu
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Advances to related party
- GST ITC as per notification 12/2023- central tax
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
