ias 12Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ias 12This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 29, 2017 at 3:26 pm #404081 adarsh1997ParticipantTopics: 646Replies: 282☆☆☆☆Hi Mike!1.If we have a surplus revaluation + a deferred tax liability, then the entry is Dr- Tax exp Dr- Revaluation Reserve Cr- Deferred tax lability2. However, my issue is that if we have a surplus revaluation + a deferred tax ASSET, then what will be the accounting entry? August 29, 2017 at 11:36 pm #404189 MikeLittleKeymasterTopics: 27Replies: 23329☆☆☆☆☆If we have a surplus revaluation what combination of unlikely circumstances do you have in mind that could lead to a deferred tax asset?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘ias 12’ is closed to new replies.