sir if we have transaction costs at the time of disposal of a financial asset measured at FVOCI, then what journal entry do we pass?Dr. Cash(=net of transaction costs) Dr. OCI(=transaction costs) Cr. asset(=after revaluation for the final time, immediately before sale)
Is this correct sir?
Ask the Tutor ACCA SBR
FA held using FVOCI model
5y ago#1Disposal costs go to P&L - so many rules! :)
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