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Ask the Tutor ACCA FR

PPE – revaluation downwards – ACCA Financial Reporting (FR)

PPRAVEEN4y ago
Why are we not doing Dr Revaluation reserve 3850 Dr Impairment loss 400 Cr PPE 4250 As we need to reduce RR with 3850? Time_11:30 Thanks.
AAyman4y ago#1
This is exactly what he does in the lecture: DR OCI (Revaluation Reserve) 3850 DR SPL (Impairment Loss) 400 CR PPE 4250
P2-D2P2-D2Tutor4y ago#2
Yes, I believe that is what is done. The DR goes through OCI and filters through to the revaluation surplus via the SOCIE. Thanks
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