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प्रश्न
Pick the odd one out:
विकल्प
Increase in assets
Increase in liabilities
Decrease in liabilities
Taking an unrecorded asset in books
MCQ
उत्तर
Increase in liabilities
Explanation:
The only thing that will appear on the credit side of the revaluation account is an increase in liabilities.
shaalaa.com
Accounting for Revaluation of Assets and Reassessment of Liabilities
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