How do you get the second Revenue reserve figure in the revaluation reserve account ? Thanks
Add up all the revolution figures for the asset that is being disposed of
in the land and buildings account, how do you get the disposal and the revaluation for the last year?
Disposal figure is the cost of the asset being disposed of (goes on credit side of L&B account) and the revaluation figure is the amount the assets were revalued by (goes on the debit side of L&B) i.e. amount they were revalued to less the cost of the L&B held on the date of the revaluation.