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SCOTTIEtohottie
Feb 15, 2008, 02:04 PM
I have an investment property (cost £20k), that has been revalued in the books at £35k. I have just sold it for £30k. What are the accounting entries on the disposal, if the revaluation reserve holds £15k for this property
MaggieMouse
Feb 20, 2008, 01:03 PM
I would just do a reverse entry on whatever accounts affected when you set up the reserve.