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Quick one on deferred tax and revaluation surplus

Asked by Priya K. · 1h ago

Hi all, quick one on deferred tax. When we revalue an asset and the tax base stays at old cost, I know we recognise a deferred tax liability. However does the debit go to OCI or straight to the revaluation surplus in equity? I've seen it both ways in the QB and it's doing my head in, thanks.
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