Note subsequent to revaluation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2017
Is there any requirement of writing a note in notes to financial statements with respect to Revaluation of assets in the years subsequent to revaluation ? If Yes, what is the note to be written ?
Amol S Joglekar
(Expert)
24 June 2017
in the year of revaluation, the note should be given.
In the year of audit, the following assets were revalued vide board resolution number xxxxxxx dated xxxxxxx. The impact of the same on the profit of the company is xxxxxxxxx
In the year of audit, the following assets were revalued vide board resolution number xxxxxxx dated xxxxxxx. The impact of the same on the profit of the company is xxxxxxxxx
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