Revaluation surplusForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Revaluation surplusThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts March 16, 2018 at 3:30 pm #442801 alikhakarMemberTopics: 186Replies: 79☆☆☆In lecture notes chapter 7 it is written that any downward revaluation should be written off in SOPL . Why we don’t debit revaluation surplus account and is it right to do so in case of downward revaluation? March 17, 2018 at 2:42 pm #442855 John MoffatKeymasterTopics: 56Replies: 53816☆☆☆☆☆Yes, but only if it was a downward revaluation of something that had previously been revalued upwards.The note is referring to revaluing something downward from its original cost, which is effectively the same as depreciation.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Revaluation surplus’ is closed to new replies.