- This topic has 2 replies, 2 voices, and was last updated 8 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Revaluation Reserve and retained earnings
Why is excess of depreciation transferred to “Retained earnings” after revaluation?
It was mentioned that since revaluation is unrealised we need to categorise the revalued amount under SOCI and SOCIE?
Then why is excess depreciation being taken to retained earnings?
If you want me to answer then you must ask in the Ask the Tutor Forum
This forum is for students to help each other, so maybe other students will answer your questions.
Oh I’m sorry for posting it here. I’ll make sure I post it there. Thank you.