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 :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
