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RP
Question Practice

In the case of revaluation, which account absorbs the loss due to a decrease in asset values?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

In the case of revaluation, wh...

Single Answer MCQ
Q-00082258

In the case of revaluation, which account absorbs the loss due to a decrease in asset values?

1

Revaluation A/c

2

Assets Account

3

Liabilities Account

4

Profit and Loss Account

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