- This topic has 3 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hi Sir,
The Journal entry for Revaluations is Cr- R. Reserve & Dr Assets. How does revaluation affect Other Comprehensive Income & what is the J. Entry for that. OCI is making life difficult for me as i dont understand what exactly its used for
Thanks In advance
The gain is shown also in OCI
It’s not a part of the double entry process – it’s just fuller disclosure of gains achieved in the year
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.