REVALUATION SURPLUS ALL YOU WANT TO KNOW ABOUT
Saturday Brain Storming Thought (101)-20/02/2021 COMPILED BY ER AVINASH KULKARNI REVALUATION SURPLUS A revaluation surplus is an equity account in which is stored any upward changes in the value of capital assets If a revalued asset is subsequently dispositioned out of a business, any remaining revaluation surplus is credited to the retained earnings account of […]
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