Accounts??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2011
When do we do revaluation of an asset and why is it done so??
05 August 2011
there can be many reason to carry out Reavaluation. For instance when impairment indicators are indicating so, may be part of due deligence, when BV are not true values and so on.
Revaluation is done so as to assess and ascertain the real/ fair value of the assets appearing in the books.
sometimes Revaluation is used with malicious intentions to inflate B/sheet which is seriously monitored by various agencies for Big companies.
Revaluation is done so as to assess and ascertain the real/ fair value of the assets appearing in the books.
sometimes Revaluation is used with malicious intentions to inflate B/sheet which is seriously monitored by various agencies for Big companies.
Message likes :
1 times
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
