• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Robby

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Robby

  • This topic has 2 replies, 3 voices, and was last updated 8 years ago by joashbill.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 27, 2016 at 7:07 am #351785
    kakahh
    Member
    • Topics: 27
    • Replies: 42
    • ☆☆

    Why 0.11 need to transfer from OCE to RE?

    Transfer from OCE 0·11
    Transfer to retained earnings (0·11)

    The only accounting entry posted for the year to 31 May 2012 was to account for the depreciation based on the revalued amount as at 31 May 2011. Robby’s accounting policy is to make a transfer of the excess depreciation arising on the revaluation of PPE.

    I thought Robby had recorded below entries aldy
    Dr RE 0.5
    Dr OCI 0.11
    Cr PPE 0.61

    March 21, 2017 at 5:08 pm #378857
    bari22
    Member
    • Topics: 4
    • Replies: 5
    • ☆

    where u from robby

    March 23, 2017 at 9:33 pm #379067
    joashbill
    Member
    • Topics: 16
    • Replies: 59
    • ☆☆

    This is a technical question and is best referred to the tutor in ask the tutor forums. However, this is my belief which can be wrong. the question stated that the only the depreciation based on the revalued amount was posted. therefore the entry which robby would have done is dr depn exp ( p and l) .61 and cr ppe .61.

    therefore we need to transfer the excess depn from oce to re… the last line in the question said robby does this. dr oce (.61 -.50) .11 cr re .11 and lastly we need to record the impairment

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • John Moffat on FM Chapter 8 Questions – Relevant cash flows for DCF
  • slovett on FM Chapter 8 Questions – Relevant cash flows for DCF
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • iwillwill on Accounting for Management – ACCA Management Accounting (MA)
  • Robo2795 on Discounted Cash Flow – Internal Rate of Return – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in