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liability

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › liability

  • This topic has 2 replies, 2 voices, and was last updated 1 month ago by xyzc.
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    Posts
  • January 25, 2023 at 2:11 pm #677357
    xyzc
    Participant
    • Topics: 363
    • Replies: 132
    • ☆☆☆

    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

    January 26, 2023 at 8:36 pm #677421
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6493
    • ☆☆☆☆☆

    Have you looked at the class notes/videos on deferred tax and revaluation? It might help if you do as the answe is there.

    January 29, 2023 at 8:40 am #677550
    xyzc
    Participant
    • Topics: 363
    • Replies: 132
    • ☆☆☆

    I have looked at the class notes/videos on deferred tax and revaluation but still confused

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