Accountancy, asked by uwu1216, 20 days ago

"Bank loan is paid off". How will you treat this adjustment? Will it appear in Revaluation a/c? If not, why?

Answers

Answered by kesarwanianushka85

0

Answer:

yes it is recorded in revaluation a/c because liability is get reduced

And it is not apper in new balance sheet also

Explanation:

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