Revaluation

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June 30, 2021 at 3:23 am #626656
maximus07
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Hello sir,
I saw one of answer to a student
You stated that removing existing depreciation.
Dr Accumulated Depr Cr Revaluation Reserve.
My question is we will not Credit revaluation surplus?
June 30, 2021 at 7:22 am #626676
John Moffat
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The revaluation surplus and the revaluation reserve are different names for the same thing.
June 30, 2021 at 11:01 am #626692
maximus07
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Alright sir.
June 30, 2021 at 3:44 pm #626703
John Moffat
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You are welcome 🙂
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