Question

Question 24: When Assets is appreciated
then it is credited to​

Answer 1

Answer:

It increases the value of assets, therefore assets account is debited and appreciation account is credited as a gain of the business. For example; the value of land is appreciated by Rs. 20,000.

Answer 2

Answer:

It increases the value of assets, therefore assets account is debited and appreciation account is credited as a gain of the business. For example; the value of land is appreciated by Rs. 20,000

Explanation:

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