Business Studies, asked by anamikas1415, 5 months ago

what is reverse revaluation

Answers

Answered by Anonymous

0

Explanation:

Reversal of revaluation

If a revalued asset is subsequently valued down due to impairment, the loss is first written off against any balance available in the revaluation surplus and if the loss exceeds the revaluation surplus balance of the same asset the difference is charged to income statement as impairment loss.

Answered by swanandi01

7

Answer:

If a revalued asset is subsequently valued down due to impairment, the loss is first written off against any balance available in the revaluation surplus and if the loss exceeds the revaluation surplus balance of the same asset the difference is charged to income statement as impairment loss.

hope it helps you ✌️

Previous Question

Next Question

Similar questions

History, 2 months ago

5. लोकशाही शासन व्यवस्था ही कोणत्या तत्वावर आधारलेली आहे.

Environmental Sciences, 2 months ago

Length of a line _____in isometric drawing or view will be...

Math, 2 months ago

Calculate the principal that will create $600 as simple interest over 3 years at the rate of 20% p.a.

Social Sciences, 5 months ago

fill in the blanks fast 7. The seven states of Gujarat came into existence on....... 8. .......... Is the minimum age for the right to vote. 9. Linguism has encouraged .......... in India. 10. The concurrent list consists of ........ Subjects. thank you so much...

Social Sciences, 5 months ago

James rennel was a ______historian...

Math, 11 months ago

If in Triangle abc (cosa)^2 + (cosb)^2 + (cosc) ^2=1 then prove the triangle is a right angle triangle...

History, 11 months ago

This plant produces a highlytoxic sap which is used by the hunters of the hadza people of Tanzania to coat their arrowheads...

English, 11 months ago

I had to be received certain amount of money to my kotak account and once I have received the amount it says available balance is 0.0 where as closing balance shows me the proper amount...