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Revaluation Reserve and retained earnings

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Revaluation Reserve and retained earnings

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by Gwen Henry.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 16, 2016 at 11:56 am #349244
    Gwen Henry
    Member
    • Topics: 12
    • Replies: 19
    • ☆

    Why is excess of depreciation transferred to “Retained earnings” after revaluation?

    It was mentioned that since revaluation is unrealised we need to categorise the revalued amount under SOCI and SOCIE?

    Then why is excess depreciation being taken to retained earnings?

    November 16, 2016 at 6:22 pm #349340
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    If you want me to answer then you must ask in the Ask the Tutor Forum

    This forum is for students to help each other, so maybe other students will answer your questions.

    November 17, 2016 at 6:25 am #349462
    Gwen Henry
    Member
    • Topics: 12
    • Replies: 19
    • ☆

    Oh I’m sorry for posting it here. I’ll make sure I post it there. Thank you.

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