Hi,
I hope someone can help me with this.
I am trying to submit a CT return online, using the HMRC software. The accountant has already prepared the accounts.
It is revaluation of land. The value has increased by 31,153. he has put only 21,000 in the revaluation reserve. The balance has
gone through the DCA. I have no idea why. I would have thought it should be
Dr. land £31,153
Cr.Revaluation £31,153
am I correct? The revaluation account is not tallying and i am unable to proceed to the next page on the CT return.
Pls help.
Replies (1)
Please login or register to join the discussion.
strange
may be stating the obvious but are you sure the director did not spend £10183 on the land before it was revalued ? Otherwise your presumption is correct if the only change was the revaluation.