What is Asset Revaluation? and when it is required?
Answer Posted / thanuja
When in a company, we may not know the book value or
depreciated value of Fixed assets. In this case, we
assertain the value of the assets based on the market
value. This is done to get a correct possition of the
balance sheet. sometimes in case of takeover or acquisition
of a company.
| Is This Answer Correct ? | 22 Yes | 3 No |
Post New Answer View All Answers
What are the objectives of internal audit?
What are the basic principles of an internal audit controlsystem?
How does the internal audit differ from an external audit?
What is audit control procedure?
Explain the difference between internal audit and statutory audit?
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
Explain the different advantages and disadvantages of internal audit?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
what is the reason for controls in an IS environment?
Audit strategy based
what audit procedure i can do in the share capital account of a company and why it have been apply?
what is the difference you can make by doing your course in the country of your choice
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
What do you mean by vouching?