[acca-keep-going]

Hi Mister,

I am confused. Why should we adjust the revenue line in the current year by $0.8 million, if the current year’s revenue isn’t overstated?

Thanks.

[acca-keep-going]

Thank you sir. So if the revaluation reduction is charged to PL, does that mean the opposing entry in respect to deferred tax asset is also posted to PL?

[acca-keep-going]

Thank you. I will follow the examiner’s steps then when I encounter such questions in the exam.

[acca-keep-going]

Thank you. I tried again and this time calculate the tax separately. I get the difference now.

[Author]

Posts