Revaluation of inventories
Querist : Anonymous
A Company with the objectives of Construction activity holds land stock as an inventory or stock in trade to be used for the purpose of undertaking project.
Now the company wants to revalue its land stock as per the current market price.
Please guide about the process of revaluation and other compliance requirements for the same.
Thanks & Regards
Querist : Anonymous
Wish to know whether company can increase the value of its stock by revaluation at current market price.
Thanks
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