In the revaluation account an increase in the value of land and building:

Related MCQs

• In the revaluation account a decrease in the value of plant and machinery:
• Revaluation account is operated to find out gain or loss at the time of:
• The loss or gain an account of revaluation at the time of retirement of a partner is shared by:
• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• The Branch Account prepared under Final Account System is the nature of:
• The balance of branch adjustment account is transferred to _________ account
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
• Profit and loss account is a
• In profit and loss account, if credit is more than the debit, the difference is