CAPITALISATION OF REVALUATION RESERVE
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2010
CAN REVALUATION RESERVE CREATED BY REVALUATION OF FREE HOLD LAND IS CAPITALIZED ?
(BY WAY OF CREDIT SAME INTO PARTNERS ACCOUNT
)
(BY WAY OF CREDIT SAME INTO PARTNERS ACCOUNT
)
01 July 2010
yes, it is your land and your balance sheet, you don't need to take anybody's permission in case of partnership firm.
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