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Historical value vs realisable value

Raph Ael (57 Points)

10 June 2018

Difference between liability recorded at historical value and realisable value.

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Sunil Ahmad (Student) (1511 Points)
Replied 10 June 2018

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.

Vishvajeet Chaurasia (40 Points)
Replied 10 June 2018

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

Sunil Ahmad (Student) (1511 Points)
Replied 10 June 2018

in 2018 b/s value of land is historical

Raph Ael (57 Points)
Replied 10 June 2018

thanks

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