Economy, asked by Vipinzvipzz8486, 1 year ago

In revalution account how will do assets were valued at

Answers

Answered by Toshiiii

0

If the amount valued is greatr than that in balance sheet..then difference is written in cr. Sde of revaluation...

Else if it is less...than diffrnce is written in Dr. Sde...

If assets are increasd..they are shown in cr.side of revaluation...if are decrasd ...then are shown in dr.sde of revaluation

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