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
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
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- 44AD VS 44AB AUDIT
- Computation of Dividend
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- TDS Return processing
- TDS NOT YET CREDIED
- Itr processing delay
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- TDS Intimation(Short Deduction)
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
