Hi Mukhtar,
I did the changes but still the revaluation is not being posted correct. I am trying to achieve the above accounting entries but the system is posting as follows:
Revaluation at mid year
Dr Asset
Cr Revaluation reserves
Depreciation is calculated from period 1 which is wrong.
And depreciation is posted as follows
Dr. Depreciation Expense
Cr. Accumulated depreciaton
Revaluation reserves depreciation is not being posted separately.
please guide me to solve this.
Regards,
Atif