[johnmunge]

I think I’ll give it a try. Thanks.

[johnmunge]

As a small note, I’ve already passed all the other fundamental papers

[johnmunge]

As part of accounting, expenses are recorded once they are FORESEEN. Gains are not recorded until REALISED(Prudence Concept). So if an asset is revalued downwards, its like we have forseen an expense therefore it has to be recorded. If an asset is valued upwards, we have not realised the gain, therefore we only record it under reavaluation surplus.

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