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A company revalued its assets from 100,0 to 200,0 by valuing the assets by a professional valuer.

The company has recorded10,0 revaluation loss previous year. What is the accounting entry for the revaluation this year?

Accounting
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Question added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/04/09
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Umer Aziz
by Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Debit Asset & Credit Revaluation Reserve

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