Question

Balance C/F of Revaluation Account: 2,36,500 (Aman= 94,600)(Aarzu= 141,900)

Balance C/F of Revaluation Account: 2,36,500 (Aman= 1,41,900)(Aarzoo= 94,600)

Balance C/F of Revaluation Account: 2,36,500 (Aarzu=118250)(Aman= 118250)

Balance C/F of Revaluation Account: 2,30,500 (Aarzu=138300)(Aman= 92200)

which one from the above options is right ​

Answer 1

Answer:

Revaluation Account is Nominal In nature. Debit Balance of such nature is considered as Loss on Revaluation and Credit Balance as Profit on revaluation.

Answer 2

Answer:

Balance C/F of Revaluation Account: 2,36,500 (Aman= 1,41,900)(Aarzoo= 94,600)