- This topic has 2 replies, 2 voices, and was last updated 12 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
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.
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.