• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

ACCA Webinars: How to earn marks in Strategic Professional Exams. Learn more >>

20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>

Release of Asset Revaluation Reserve

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Release of Asset Revaluation Reserve

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 20, 2022 at 1:51 pm #654069
    mohdgadir
    • Topics: 9
    • Replies: 6
    • ☆

    Dear Sir,

    Would you please state at what circumistances that the balance of the assest revalution reserve release to proift and loss or to the retained earings in the subsequent period ?

    June 2, 2022 at 9:56 am #657124
    Kim Smith
    Keymaster
    • Topics: 91
    • Replies: 6207
    • ☆☆☆☆☆

    When a revalued asset is sold, the related revaluation surplus can be transferred to retained earning in the statement of changes in equity – it can NEVER be recognised directly in profit or loss.

    Also, the excess depreciation expense each year can be transferred to retained earnings – again in the statement of changes in equity.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA Introducing professional skills into the Options exams

ACCA Professional Skills Webinar – Register now

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on FA Chapter 23 Questions Group Accounts The Consolidated Statement of Financial Position (2)
  • John Moffat on Double Entry Bookkeeping (part b) – ACCA Financial Accounting (FA) lectures
  • John Moffat on MA Chapter 5 Questions Ordering and Accounting for Inventory
  • John Moffat on MA Chapter 5 Questions Ordering and Accounting for Inventory
  • John Moffat on FA Chapter 4 Questions Accruals and Prepayments

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy