Environmental Sciences, asked by manikbhardwaj2002, 8 months ago

what means revoluation account? why is it prepared? how it is perpared? what journal entries passed regarding revoluation account?

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Answered by akankshakamble6

Answer:

For this purpose, the firm has to prepare the Revaluation Account. In this account: An increase in the assets and decrease in its liabilities is credited because it is gain, ... Unrecorded assets are credited,

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what means revoluation account? why is it prepared? how it is perpared? what journal entries passed regarding revoluation account?​

Answers

what means revoluation account? why is it prepared? how it is perpared? what journal entries passed regarding revoluation account?