Treatment of Revaluation Reserve

A Company has accumulated losses of 84 lacs in its P&L A/C. It has Revaluation Reserve of 1.2crores in its B/S.

Its presentation under the head

Reserves & Surplus is

Rev Reserve Rs.1.2 crore

P&L A/c         (84 lacs)

Total as on 31.03.2010  36 lacs

Is it right to present it like dis in B/S.

 

Replies (2)

No, In my opinion nd whichevr in my knowledge I think this is not proper presentation of P&L in Balance Sheet as per AS.

Yes we can do it if there r other free reserves but Revaluation Reserve is not in free reserve so Debit balance of P&L must be shown in Assets side in Balance Sheet.

Thnks Shripal.... ya i also think dis is not the right presentation...its like setting off accumulated losses from revaluation reserve which we cannot do.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details