Question

what is the effect of loose tools reevaluation in profit and loss account?​

Answer 1

$\huge{\orange{\boxed{\boxed{\pink{\underline{\green{\mathscr{Hey, Mate}}}}}}}}}}$

$\huge{\blue{\underline{\purple{\mathbb{AnSwER}}}}}}$

Loose tools in accounting are also known as current assets. One may find it in the balance sheets that may be produced for the business. This term is used to describe the effects of transforming prepaid insurance and existing stock within the business into physical cash.

Hope it helps uh.......

Mark me as brainlist.........

$\huge\underline\mathfrak\red{AK}$

Answer 2

Answer:

Same as above

please mark as mark as brainalist