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Ask the Tutor ACCA FA

Retained earnings

SMSalman mishra4y ago
Why retained earnings and revaluation surplus are showed in statement of changes in equity ?
John MoffatJohn MoffatTutor4y ago#1
Because the equity on the Statement of Financial Position is the share capital plus the reserves. Retained earnings and revaluation are both reserves. Have you watched my free lectures on this? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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