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Fixed Assets - EBS (MOSC)

How to enter revaluation of asset?

Mar 28, 2012 3:35PM edited Apr 3, 2012 5:08AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered

Hi

I want to enter revaluation of asset in fixed asset.

As on 31dec2011

life=3years and stl method

Asset cost Rs 360

accumulated dep. Rs 120

NBV Rs 240

Revaluation on 31dec2011 Rs 300

So how it will be enter and what will be accounting entries?

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