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Excess of the credit side over the debit side of revaluation account is?? |
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Answer» Answer: Excess of credit SIDE means that the liabilities and shareholder's equities increase on the accounting equation whereas decrease of DEBIT side means decrease in ASSETS . Like this the accounting equation i.e. (A= L+ SE) . If credit side increases the debit side must be decreased to balance the equation or vice versa. |
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