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Dear sir, greetings.
Page number 88 bpp revision kit 2018, Task number 4, could you explain the logic behind this? Is it related to profits?
But why do we debit Irrecoverable debts and credit retained earnings, which is increasing our earnings? Please correct me if im wrong!
Also one more doubt Sir, in page number 90, task 2 why isn’t Buildings carried amount in the financial statements after revaluation?
I am away from home until Saturday and I do not have the Revision Kit with me.
Please ask again on Saturday and then I will be able to answer you.
(But please post the two question separately because they are on different topics. The reason is that we do not give private tuition and our answers are for the benefit of everyone – many students use the search box to find answers to questions that are puzzling them
🙂 )And….please confirm that you have watched my free lectures on both of these topics.
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