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Fixed Assets (BookValueRs.45,000) is under valued by 10%.Calculate the value (Dr./Cr.) tobe shown in Revaluation account.(a) Rs.4,500,Dr. (b) Rs. 4,500,Cr.(c) Rs.5,000,Dr. (d) Rs.5,000,Cr |
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Answer» Your answer will be C. 5,000 Dr. since the asset is valued less than actual. so we should DEBIT it to increase it to its REAL value.. keep learning... |
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