Business Studies, asked by kartiksengar62, 10 months ago

what dou you mean by revolution account

Answers

Answered by anamfatema0207

Explanation:

An increase in an asset's value in order to reflect the current market value of the asset. The values of all of a firm's assets must be recognized and documented in their accounts. ... Revaluation is the positive difference between an asset's fair market value and its original cost, minus depreciation.

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