Answer / jagannadharao

Revaluation of the assets according to the prevailing
market value is called asset revaluation. the excess value
will be credited to revaluation reserve account.

Answer / raghuka

Revaluation is the process wherein the value of Asset is
increased or decreased, and offset value is credited or
debited to revalution reserve account.

Answer / shalika prabha kumari.

Revaluation must be done when their's a difference between carrying value and fair value of the asset. Adjustment of carrying value of the asset to the present market value is called revaluation..

Answer / rahmath

revaluation is done for reassesment of foreign currency
denominated as account receivable and accounts payble.

What is the value/Amount Oracle takes for COGS Account (while shipment is done)? What is the value the Oracle taken when the revenue account is created during AR Invoice creation?

1 Answers  

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what is accounting entries of p2p

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accrual journal entries

1 Answers   IBM,

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What is an ERS

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6 Answers  

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What are the tables associated with Invoice in AP?

4 Answers  

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what is the difference between inventory org id and inventory organisation id

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How many key flexfields are there in Payables?

5 Answers  

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