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Anyone help me?????
go simply this way …
the revaluation gain – it is a virtual gain unless asset are set off. Now this gain is shown as imaginary increase in asset 4,400 amount – this is due to imaginary revaluation surplus 3300 and imaginary deferred tax of 1100. and this imaginary profits are accounted at comprehensive income deducting imaginary tax -3300.lastly answer set shows realization by taking revalued amount for depreciation purpose.. who is confusing questioner , answer provider you or me i dont know ..lolzz
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Thanks for the reply. The answer was not provided by me, I took it directly from ACCA website. I have uploaded the image of it, as this website has some formatting issues with the spaces and everything.
So can I just show the movement in taxable difference, for my deferred tax working, which also show just the movement of current assets which is (6,000-8,000) and showing the tax on RR on my OCI part of the P&L? Will I get penalised for not showing the RR tax for my deferred tax working?
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