Skip to content
Sign inRegister

Ask the Tutor ACCA FR

liability

Xxyzc3y ago
Where there is a revaluation surplus, the amount to be included in the statement of profit or loss for deferred is the difference between the closing and opening balance i.e. the movement in deferred tax. Is it correct Also does a revaluation decrease have an impact on deferred tax
P2-D2P2-D2Tutor3y ago#1
Have you looked at the class notes/videos on deferred tax and revaluation? It might help if you do as the answe is there.
Xxyzc3y ago#2
I have looked at the class notes/videos on deferred tax and revaluation but still confused
Sign into reply to this topic.