A) Increase in the value of an asset is recorded in the debit side of Revaluation Account
B) Increase in the value of a liability is recorded in the credit side of Revaluation Account
C) Decrease in the value of an asset is recorded in the debit side of Revaluation Account
D) Decrease in the value of a liability is recorded in the debit side of Revaluation Account
Correct Answer: C
Solution :
Decrease in the value of an asset is recorded in the debit side of Revaluation AccountYou need to login to perform this action.
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