What will be the effect on revaluation reserve and retained


Problem

When should revaluation reserve be transferred to retained earning. What will be the effect on revaluation reserve and retained earning when depreciating an asset revalued upwards in this period?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What will be the effect on revaluation reserve and retained
Reference No:- TGS02595251

Now Priced at $15 (50% Discount)

Recommended (99%)

Rated (4.3/5)