banner_ad

Revaluation reserve

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 January 2012 What is Revaluation Reserve?What is its accounting treatment?
Profile Image

sahil jain

Profile Image

sahil jain (Expert)
19 January 2012 Revaluation reserve is the reserve which is created when any Fixed Asset/ Non Current Asset(As Per IFRS) is revalued upwards.

In that case instead of transfering the value with which the respective asset has been increased to Income Statement it is transferred to a seperate account i.e Revaluation Reserve account so that the profits are not overstated.

Accounting Treatment:
Following entry is passed when revaluation reserve account is to be created

Fixed Asset Account Dr ---
to Revaluation Reserve Account ---

and this is shown under Reserves on the liability side of the Balance Sheet
Profile Image

Guest

Profile Image

Guest (Expert)
19 January 2012 Agree with Mr. Sahil Jain.

Revaluation reserve is a non cash reserve. There is no inflow of funds in this case to the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details