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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Cash flow hedge reverse
Hi sir,
Could you please provide me the account Tha must be credited on cash flow hedge reverse when we have a sale?
Dr equity
Cr. Revenue.???
When we have a purchase the journal entry is
Dr equity
Cr cost of the asset
Standard just says that reverse is in P&L.
If, for example, the CF gain in reserves relates to a purchase:
Dr OCI
Cr Purchases
For exam, just say P&L
Thank you sir
No worries.