In the MP Vijay kumar's Financial reporting book, i found contradiction in the Q2 & Q3 of valuation of goodwill.
Q2: Working No. 1, whihc says borrwing cost capitalised from the date of borrowing. whereas treatmetn is in contradiction of this.
Q3. b) in the revaluation reserve additional dep due to revaluation is not chargd in the revaluation reserve account and it is charged in P&L account as per guidance note where as in the problem the additional dep is charged to the Reval Reserve.
Please advise what is correct?
thanks
dj
CAclubindia
