Disposal of non current asset

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March 15, 2018 at 8:34 am #442687
alikhakar
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In BPP book it is shown that revaluation surplus is transferred asset disposal a/c but at acca website in technical article it is shown that balance in revaluation is transferred to retained earnings. Which one is correct and what to follow in exam ?
March 15, 2018 at 11:56 pm #442743
John Moffat
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The end result is exactly the same, and that is all that matters for the exam.
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