21 January 2015
Assets revalued in 2008 and created revaluation reserve for Rs. 200.00 say for instance. Later on the assets is sold at profit or loss (SAY).
Now the revaluation amount is shown as capital reserve.There is no asset as it is sold out
1. whether capital reserve would come for calculation of networth in order to arrive book value per share. Please advise .
CAclubindia
