Question
An asset was previously revalued downward. If it is now
revalued upward, how should the increase be treated?Solution
Revaluation increase is recognised in P&L to the extent it reverses a previous decrease that was earlier recognised in P&L (Ind AS 16 para 40).
More Accounts Questions
Find the approximate value of Question mark(?). There is no requirement to find the exact value.
? = 599.77 – 14.08 × 20.11 + (12.93)²
Find the approximate value of Question mark(?). No need to find the exact value.
18.07 × (47.998 ÷ 12.03) + 59.78% of 150.14 – √(255.86) = ...
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
47.78% of 499.98 + (19.89 × 7.76) = √? × 49.84
P spends 30% of his income to groceries, another 30% to rent, and 40% of what is left to bus fare. If his sole expenses are groce...
570.11 ÷ 18.98 × 5.14 – 123.9 = √?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
150.04% of 800.08 + 20.04% of 749.89 = ? + 322.02
