CBSE BOARD XII, asked by shibarnwal1710, 4 months ago

on revaluation account what will be treatment of accrued income​

Answers

Answered by ItzMissGenius
4

Answer:

Now this amount of income is to be provided. ... Being an income for the firm, this amount is to be shown on the credit side of Revaluation Account. It is also required to be shown on the Asset side of the Balance Sheet.

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