Hello sir,
If we added revaluation surplus to the profit before tax while preparing CFS under indirect method, do we need to subtract that amount? Because revaluation surplus in non-cash event. Please explain. Thanks in advance.
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Cash Flow Statement
8y ago#1Revaluation surpluses should not be added to profit! (If they have been added then it is an error and they should then be subtracted).
Have you watched my free lectures on Statements of Cash Flows? (We stopped calling them cash flow statements many years ago :-) )
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