Fixed asset

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(Querist)
22 October 2013 being one of our fixed asset blpck or part of the block sold in scrap and its depriciated value is nominal but uaving value in revaluation reserve what will be the treatment done for revaluation reserves account
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 October 2013 Balance in Rev reserve should be transfered to Capital reserve after adjusting for dep and loss on such scrap value sold
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