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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › revaluation gain and loss
How do you treat revaluation gain and loss in an Income statement?
Taken to oci head of revaluation
“oci head of revaluation”?? What on earth do you mean.
In Paper F3 you will not have revaluation losses.
With regard to revaluation gains, they do not appear in the Statement of profit or loss. They appear below profit in the Statement of comprehensive income, and they appear in the Statement of changes in equity as a movement in the Revaluation Reserve.
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