Accountancy, asked by SuhailAbdulSathar, 4 months ago

increase/decrease in market value is not accounted which type of accounting concept

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Answered by Mrdefaulter00

1

A company can account for changes in the market value of its various fixed assets by conducting a revaluation of the fixed assets. Revaluation of a fixed asset is the accounting process of increasing or decreasing the carrying value of a company's fixed asset or group of fixed assets to account for any major changes in their fair market value.

SuhailAbdulSathar: concept

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