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Historical value vs realisable value
Difference between liability recorded at historical value and realisable value.
Replies (4)
Historical Value - value of asset mentioned in balance sheet on that date/year end.
Realisable value - amount that shall realise from sale of that asset.
Realisable value - amount that shall realise from sale of that asset.
suppose u purchased a land on 2008 of value 5lakhs and the current value of this land now is 20lakhs (2018)
here 5lakh is historical value while 20 lakh is realishble value
here 5lakh is historical value while 20 lakh is realishble value
in 2018 b/s value of land is historical
thanks
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