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Utilisation of revaluation reserve

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26 November 2013 Assume i revalued my asset which resulted in creation of revaluation reserve by Rs100000 now i have acc dep Rs10000 dep on original amt of assets20000 and additionaldep due revaluation rs 12000 now how much is to be debited from revaluation reserve
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 November 2013 On sale of asset when there is loss , if any then that much part of loss = to credited to revaluation a/c while it was revalued earlier eg 12,000 in your eg given shall be adj and rest will be debited to profit and loss a/c.
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