HI,
When we revalue our assets during the process of internal reconstruction, will the :-
1. Revaluation Account will be affected
Or
2. Reconstruction ( Capital Reduction ) Account wiil be affected.
Menu
Entry during reconstruction
Replies (2)
Reconstruction A/c will be affected.
If u r under the capital reduction scheme then reconstruction account affected.. Otherwise if u overvalued any fixed assets under genrally acceptable company practice then revalyation account created/affected by passing book entry.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
