• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

deffer tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › deffer tax

  • This topic has 5 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • May 23, 2011 at 3:19 pm #48551
    apau
    Member
    • Topics: 5
    • Replies: 19
    • ☆

    what is the effect of revaluation of non current asset on deffer tax

    May 23, 2011 at 3:47 pm #82119
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    The deferred tax liability which arises on a revaluation of a non-current asset should be debited to the Revaluation Account. The question will identify just how much of the deferred tax liability to be carried forward relates to the revaluation.

    Your answer should calculate the movement in the deferred tax liability to carry forward. This would then be debited or credited to teh Income Tax account and balanced off to Income Statement.

    BUT!!! if some of the deferred tax liability relates to TNCA revaluations, that element should not work its way through to Income Statement. Instead, that element should be debited to Revaluation account

    May 23, 2011 at 4:27 pm #82120
    apau
    Member
    • Topics: 5
    • Replies: 19
    • ☆

    please Mike can you site an eg. to give me more details explanation
    thank you

    May 25, 2011 at 9:24 am #82121
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Question Dexon from June 2008

    May 26, 2011 at 12:25 pm #82122
    apau
    Member
    • Topics: 5
    • Replies: 19
    • ☆

    thank you will contact you for any explaination

    May 26, 2011 at 1:30 pm #82123
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    ok

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mrjonbain on Professionalism, ethical codes and the public interest – ACCA Strategic Business Leader (SBL)
  • mrjonbain on Professionalism, ethical codes and the public interest – ACCA Strategic Business Leader (SBL)
  • kemo1000 on Financial instruments – convertible debentures – ACCA Financial Reporting (FR)
  • barbjohn on Equity Law, Ratio Decidendi – ACCA LW Global
  • Kakui on Equity Law, Ratio Decidendi – ACCA LW Global

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in