Revaluation of current assets
This query is : Resolved
sree vamshi devi
(Querist)
23 April 2013
Can revaluation of current asset i.e,(land) can be done?? (or)
Can revaluation of stock in trade of land be done?
Can revaluation of stock in trade of land be done?
CMA Ramesh Krishnan
(Expert)
06 August 2013
Current asset cannot be revalued. land is normally fixed asset, in case you having in stock. valuation can be down on cost basis
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