Hi,
"Any balance on the reconstruction account will be used to either write down assets or create a capital reserve."
Reconstruction account tends to be balanced mostly. So how will a balance arise? And even if it arises what would be the entry?
Thanks for ur time.
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Reconstruction account
Hi,
Don't waste your time trying to understand reconstructions.
Thanks
Hi, is it because less it is likely to be important matter to the exam? I am having some troubles with recon surplus...
Yes, far too important.
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