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hi there, do we have a list of possible things that we would enter into the “other comprehensive income” section of the SOCI?
also, how can we tell when to take a revaluation gain to the revaluation reserve and when to add it to the statement of comprehensive income?
thanks for your help!“also, how can we tell when to take a revaluation gain to the revaluation reserve and when to add it to the statement of comprehensive income?” Am I not correct, you show it as comprehensive income but, when you take the “Net Profit for the year” to SOCIETY, it’s the profit figure BEFORE the comprehensive income bits.
Therefore, the revaluatios will appear in SOCIETY as well as at the bottom of Statement of Comprehensive Income
No, sorry, I do not have a list of matters to include in Comprehensive Income
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