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??
CA. Vikash Dwivedi
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
