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hi guys, am a bit confused here. when do i include the gain/(fall) in value of an investment into the profit/loss statement and when does it go under the other comprehensive income. how do i identify the two elements. working it out is ok but i struggle to decide on where to place it in the statements.
thanks guys
Did you mean to post this into the F7 forum?
In any case, my understanding is that a gain in an asset goes into the revaluation reserve account, whereas a fall in the asset is treated as an expense. However, if it is a cancellation of a previous gain/fall, then you reverse what you did before.
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