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Depreciation on Premises


sandeep (Manager)     29 January 2021

sandeep
Manager 
 25 points

| My Other Post

When we do revaluation of Premises, revaluation reserve to be create. Shall the depreciation on Revalued premise debit to Profit n Loss account or adjust with Revaluation Reserve?

Sourav

Sourav (Student)     29 January 2021

Sourav
Student 
 172 likes  2693 points

View Profile | My Other Post

It should be debited to profit and loss


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