revaluation of non current assets.

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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June 6, 2016 at 9:33 am #319782
sukriti789
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the excess depreciation charged due to the revaluation of assets.. always recorded as debiting the revaluation surplus and crediting the retained earning .. or . does it depend on the question ..

Thank you !!
June 6, 2016 at 11:15 am #319804
John Moffat
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The company is allowed to do it, but doesn’t have to do it.

In the exam normally do it (unless the question says otherwise).
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