Accountancy, asked by gulnarashraf2, 2 months ago

what is the nature of revaluation account?

Answers

Answered by Anonymous

Answer:

Revaluation Account is Nominal In nature. If the liabilities increases and assets are decreasing, the difference amount to be debited to revaluation account as it is a loss for the firm.

Previous Question

Next Question

Similar questions

Math, 1 month ago

In the given figure, what will be the measure of BC? (a) 8 cm (b) 4 cm (c) 5 cm (d) none of these...

Chemistry, 1 month ago

Calculate the concentration of the solution (% w/W) formed by adding 5 g of zinc nitrate in 105 g of water.?????????? plssssssssssssssssss answerrrrrrrrrrrrrrrrrrrrrrrr...

Science, 1 month ago

how soil get polluted how it can be prevent...

Math, 2 months ago

If 2x/3< x by 6,Find all the value of x...

Computer Science, 2 months ago

what is primary key? how is it different from foreign key?

Science, 10 months ago

A straight wire is carrying current in upward direction. the magnetic field near the wire is. options in the picture...

Math, 10 months ago

18. By reducing the selling price of an article by Rs 100, a gain of 10% turns into a loss of 10%. Find the original selling price of the article.

Geography, 10 months ago

Explain why the use of non _conventioal sources of energy is on the rise ...

what is the nature of revaluation account?​

Answers

what is the nature of revaluation account?