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What the treatment of 220 lakh surplus arising out of sale of building

Krishna kumar

CA Final

★ 9K+

23-Mar-22 19:17

475

Answers (5)

Capital reserve fully added..while calculating owned fund.. Surplus arise from sale of assets should be added and Revaluation of assets should be deducted.

Itisha

CA Inter

★ 7K+

23-Mar-22 19:35

Itisha

Capital reserve fully added..while calculating owned fund.. Surplus arise from sale of assets should be added and Revaluation of assets should be deducted.

Sir please confirm me this is correct

Thread Starter

Krishna kumar

CA Final

★ 9K+

23-Mar-22 19:37

Capital rserve 319 to be taken as it isn't a revaluation reserve and as it surplus arising out of sale of asset

Pandusml V

CA Final

★ 4K+

23-Mar-22 19:38

Pandusml V

Capital rserve 319 to be taken as it isn't a revaluation reserve and as it surplus arising out of sale of asset

I thought the same, just I'm confirming

Thread Starter

Krishna kumar

CA Final

★ 9K+

23-Mar-22 19:40

Pandusml V

CA Final

★ 4K+

23-Mar-22 19:40

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