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Revaluation reserve RR /capital reserve CR

Accountancy

Revaluation of any fixed asset credited to RR or CR

M Kamal

M Kamal

CA Inter

★ 2K+

30-Nov-22

69

Answers (4)

Revaluation reserve

Suraj Lakhotia

Suraj Lakhotia

Admin

30-Nov-22

Sir, but why not credit CR

Thread Starter

M Kamal

M Kamal

CA Inter

★ 2K+

30-Nov-22

Thread Starter

Sir, but why not credit CR

Refer to treatment of capital reserve.

Sugam SM

Sugam SM

CA Inter

★ 6K+

30-Nov-22

Capital reserve is created out of profits.

Suraj Lakhotia

Suraj Lakhotia

Admin

03-Dec-22

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