Accountancy, asked by krishnaayer2711, 17 days ago

Decrease in the value of assets should be………to RevaluationAccount

Answers

Answered by sujeetloves

Loss

Explanation:

Debit the decrease in value of assets or increase in the number of liabilities to revaluation account, being a loss. The difference between the two sides of the revaluation account is either profit or loss.

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Decrease in the value of assets should be………to RevaluationAccount ​

Answers

Decrease in the value of assets should be………to RevaluationAccount