Question

Under Ind AS, when an entity adopts revaluation model for property, plant & equipment:

A Revaluation surplus is recognised in profit & loss directly
B Revaluation surplus is credited to revaluation reserve in equity unless reversing prior deficit charged to P&L
C Revaluation always goes to reserves and never to P&L
D Revaluation is prohibited under Ind AS
E Revaluation surplus reduces retained earnings
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