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What is Revaluation Reserve?

14. What is Revaluation Reserve?

1. Any cost that has not yet been charged to the expense
2. The amount of money a business must currently spend to replace an essential asset
3. Maintaining an account tied to a certain asset
4. The value of a company according to the stock market

Answer: C) Maintaining an account tied to a certain asset

Explanation:

Revaluation reserve is a bookkeeping term utilized when an organization makes a detail on its monetary record to keep a holding account attached to specific resources. This detail can be utilized when a revaluation evaluation observes that the conveying worth of the resource has changed.