Question

the time of admission, the assets are revalued and liabilities are reassessed. The increase or decrease in the values is debited or credited in _____Account​

Answer 1

Answer:

An increase in the assets and decrease in its liabilities is credited because it is gain, A decrease in the value of assets and increase in its liabilities is debited because it is a loss, Unrecorded assets are credited, and. Unrecorded liabilities are debited

Explanation:

mark me as brainliest

Answer 2

Answer:

I dont know

ggdogsk auGsk suzgbsi shhs kzhsuus usuhs

Explanation:

I don't know