I would like to know the difference between valuation and revaluation.
Can we say Fixed assets are REVALUED every year and stock is VALUED every year?
If possible kindly quote any accounting standard which deals with this.
Thanks .
Anil
Menu
Valuation / Revaluation of assets
Replies (1)
the revaluation of fixed asset is covered by AS 10 and the imapirment of asset is covered by the AS 28. the valuation of stock is covered by AS2.
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
