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AS 10

Accountancy

Sir in this sum what is revaluation concept?

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Likhitha Sivani

Likhitha Sivani

CA Final

14K+

03-Jul-21 14:42

530

Answers (16)

What is your doubt in that.can you explain your doubt clearly


In that question there is an upward revaluation for the first time. Because of revaluation there will be no effect in any cash flows or does not influence any activity in business. If there is no revaluation the loss will be 3,40,000(5,40,000-2,00,000). Because of revaluation it is increased to 4,48,000. Loss because of revaluation (1,80,000) should be adjusted to revaluation reserve and remaining loss of 3,40,000 should be transferred to p&l account. The balance amount in revaluation surplus should be transferred to general reserve.


Sairam Reddy

Sairam Reddy

CA Final

10K+

03-Jul-21 16:43

If you not take deemed book value you will claim 180000 as loss in p&l account. It is not actually incurred. Once think Why standard allows you to take excess loss in p&l with out actually incurring??


Sairam Reddy

Sairam Reddy

CA Final

10K+

03-Jul-21 16:48

Once see past exam papers they are not this much critical And do you have like this material for as16.


Sairam Reddy

Sairam Reddy

CA Final

10K+

03-Jul-21 17:09

Sairam Reddy

Once see past exam papers they are not this much critical And do you have like this material for as16.

It's not my material. My sent this pic I am studying in ravikanth miriyala sirs book . If u want I will send that


Thread Starter

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

03-Jul-21 17:10

Thread Starter

Likhitha Sivani

It's not my material. My sent this pic I am studying in ravikanth miriyala sirs book . If u want I will send that

We do not permit sharing of copyrighted material on our platform


Sriram Somayajula

Sriram Somayajula

Admin

03-Jul-21 18:04

Sriram Somayajula Admin

We do not permit sharing of copyrighted material on our platform

But sir how do we know it's a copyrighted material?


Thread Starter

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

03-Jul-21 18:05

Thread Starter

Likhitha Sivani

But sir how do we know it's a copyrighted material?

If you buy some's book - please check 1st 2-3 pages of the book - it categorically states that you cannot photocopy or electronically distribute the book. If you are sending that book by email id using our platform we are accessory to that - we cannot be and should not be


Sriram Somayajula

Sriram Somayajula

Admin

03-Jul-21 18:06

Thread Starter

Likhitha Sivani

Is it ok sir if I send through telegram?

We are not a party to any of this - pls do not share personal IDs or numbers on our platform


Sriram Somayajula

Sriram Somayajula

Admin

03-Jul-21 18:38

Sriram Somayajula Admin

We are not a party to any of this - pls do not share personal IDs or numbers on our platform

Haa ok sir I won't repeat next time. thank u sir


Thread Starter

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

03-Jul-21 18:39

Sriram Somayajula Admin

We are not a party to any of this - pls do not share personal IDs or numbers on our platform

Ok sir thank you Thank you for providing platform like this. It is really useful. I am not wantedly done like this sir Only 2 days left for exam.For quick revision I asked her to send sir. I won't repeat it next time sir


Sairam Reddy

Sairam Reddy

CA Final

10K+

03-Jul-21 19:10

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