Question

INVESTMENT FLUCTUATION RESERVE IS Rs. 20,000. BOOK VALUE OF INVESTMENT IS Rs. 2,00,000 WHEREAS THE MARKET VALUE IS Rs. 1,70,000. IN SUCH A CASE REVALUATION ACCOUNT *

1 point

DEBITED BY Rs. 10,000

CREDITED BY Rs. 10,000

CREDITED BY Rs. 30,000

DEBITED BY Rs. 30,000

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Answer 1

revaluation a/c will be debited by 10,000