Question

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?​

Answer 1

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