On revaluation of a firm ABC Ltd. it is found that there is an unrecorded stock of stationary of Rs. 6000 and outstanding expenses of Rs. 2000 are to recorded. How you will record them?
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Answer:
stock a/c dr. 6000
to revaluation a/c 6000
Explanation:
because this entry have to record while valuation of a firm because whenever asset is increases i.e dr.
vice versa situation occured
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