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Hello Sir,
I have just gone through the examples for revaluation increase and decrease but I wanted to know if I were asked to do a journal for those examples then how will I go about doing it?
I know it might be silly question but I would very much appreciate your helpThanks
Adam
Hello Sir,
I want to know whether i am expected to depreciate an item of PPE before i revalue it or is it the other way around?
thank you in anticipation of your prompt response.
Louis.
@yusuphsalum said:
Hello Sir,
I have just gone through the examples for revaluation increase and decrease but I wanted to know if I were asked to do a journal for those examples then how will I go about doing it?
I know it might be silly question but I would very much appreciate your helpThanks
Adam
Hi,
You simply just write out the journal using debits and credits. You can look at the illustrative exam answers for the specimen exam paper for guidance.
Thanks
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