Question

pass the journal entries and revaluation a/c furniture value increased from 20000 to 25000​

Answer 1

Answer:

1) for journal entry :

Furniture A/c Dr. 5000

To Revaluation A/c. 5000

2) In Revaluation A/c Furniture A/c is transferred to credit side on Revaluation A/c by ₹ 5000

Explanation:

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