[sintijas]

@mrjonbain Just to confirm- So in practise we do have separate Revalution reserve and Impairment loss journal accounts for each group of assets?Like for example : Revaluation surplus( building), Revaluation surplus (car) instead of one Revaluation surplus account where we do all entries for all groups of assets right?
I think In FS reports I have only seen 1 Revalution surplus line item- does it mean – it is summarised of all Revaluation surplus acounts please?

[sintijas]

In short – to record any revaluation surpluses, impairment losses- are there separate Revaluation Surplus and separate Impairment loss account for each asset ?
Like for example :

Revalution surplus (building); Revalution surplus (car):
D C D C etc

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