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Revalued fixed asstes sale entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2013 land original cost - 100/-
Revalued - 50/-
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150/- shown in Land B/S assts side

50/- in capital reserve - liability side

on sale value of Rs. 200/-

How to a/c for profit & wt will be the entries?

Pls reply urgently.

Thanks
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Sumit Grover

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Sumit Grover (Expert)
25 January 2013 Bank(Or Party) A/c Dr. 200
Capital Reserve A/c Dr.50
To Land 150
To Gain on sale 100
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