Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. troubadour limited had an existing revaluation sur

Troubadour Limited had an existing revaluation surplus in respect to an item of plant that...

60.2K

Verified Solution

Question

Accounting

Troubadour Limited had an existing revaluation surplus in respect to an item of plant that had been derecognised. An appropriate journal entry to transfer the surplus to retained earnings would include:
Select one:
a. DR Gain on revaluation OCI.
b. DR Retained earnings.
c. CR Asset revaluation surplus.
d. CR Retained earnings.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

age below to answer the questions to the right E

Geometry
Q

Question 4 A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Monthly sales during...

Operations Management
Q

4 Grant has 75 to spend on gifts for his daughter He buys dolls for...

Algebra
Q

Given the inscribed circle with center K which statement can you NOT conclude A B...

Algebra
Q

Amelia Wilson is the owner/manager of the Kansas Inn. Her accountant...

Accounting
Q

As sales manager, Joe Batista...

Accounting
Q

A machine was purchased for $60,000. Installation expenses amounted to $2,000, wages of $4,000 were...

Accounting
Q

The partnership contract for Hanes and Jones LLP provides that Hanes is to receive a...

Accounting
Q

In 2024, internal auditors discovered that PKE Displays, Incorporated, had debited an expense account for...

Accounting
Q

product decisions under bottlenecked operations Product Decisions Under Bottlenecked Operations...

Accounting
Q

Dellinger Incorporated issued 100,000 shares of no-par common stock with a stated value of $7...

Accounting
Q

Which one of the following assests is generally the least liquid? a. Patents b. Buildings...

Finance