Notes to accounts How to show in FS help me

Dr bank/assets

Cr. Revaluation reserve. Actually revaluation upwards or surplus occurs due to assets and sale of assets. So entries will change accordingly.

Go to section 3 companies acts, you'll find better instructions there.

Journal entries used for depiction are never wrong. That is what happens during a revaluation upwards. I have clearly mentioned that entries will vary as per the transaction. 

Mr Sanjay, Sabyasachi is correct in a way. AS calls it revaluation and surplus account and indas calls it just a revaluation reserve. So no need for the bank in Dr. Entry. Because I've imagined that gain on disposal over the carrying amount is a surplus to the bank and surplus added to surplus accounts. Now you people must sort out if you want metamorphose indas or get confused for the rest of your lives. It's only revaluation reserve in indas and everything is accounted into it. See how easy life can be?

Now subsection 3 of the companies act 2013 suggests that expression "surplus in profit and loss account" so a disposal can have a surplus and hence first entries are not wrong. 

The bank entry is wrong, because the surplus is for revaluation and gain cannot be classified as surplus. When you dispose the asset any revaluation surplus is transferred to revenue reserves called retained earnings. Even in indas all the revaluation gain is transferred to retained earnings. So the terminology differs and so 

Asset is 100 revalued to 200 

Dr. Asset 100

Cr. Surplus 100

And transfer the surplus to revaluation reserve

Dr. Surplus 

Cr. Reserves account 

When you sell the same asset for 200

Dr. Bank 200

Cr. Asset 100

Cr. Gain on sale 100. 

There is no law apart from section 129 which clearly says surplus comes from  sales apart from the depreciation surplus. On disposal existing surplus from reserves will be transferred to retained earnings and some surplus part related to cost and revaluation depreciation will be transferred to surplus account. 

Now the bank is correct because an article from tax guru is suggesting capital reserves is created for profit on sale of fixed assets. 

Dr. Bank

Cr. Capital reserves. 

That's all Sanjay. These are just complaiances and it is considered as other reserves in the section 129 of companies act. No one create reserves because it's all don't when the company started. So these things are not at all important apart from maintaining statutory required  reserves like eg drr. 

Sorry for getting carried away. That's one thing I don't know. I'll reply back later on.

Disclosures: as standard disclosure are given higher importance than companies act disclosures unless the company is in liquidation, you have to follow those disclosures. All other are generic disclosures in schedule 3 part a.