Accountancy, asked by shresthkedia215, 1 month ago

Did recording unrecorded assets in revaluation violate the historical cost concept?

Answers

Answered by shreyasrawat52

Answer:

Unrecorded assets will be recorded in the credit side of the revaluation A/c because asset is increasing, than record it in balance sheet in Assets side

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Did recording unrecorded assets in revaluation violate the historical cost concept?​

Answers

Did recording unrecorded assets in revaluation violate the historical cost concept?