AS 10
This query is : Resolved
14 July 2011
an upward revaluation does not provide a basis for crediting to P & L a/c the accumilated depreciation existing at the date of revaluation
pl expalin dis
pl expalin dis
14 July 2011
Any upward revaluation should be credited to the Revaluation reserve account only and not to the P & L a/c.
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