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When the value of an asset increases, what is the correct journal entry?

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MCQ_SA

Single Answer MCQ

Q-00082247

Assets A/c Dr. To Revaluation A/c

Revaluation A/c Dr. To Assets A/c

Revaluation A/c Dr. To Liabilities A/c

Liabilities A/c Dr. To Revaluation A/c

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