In revalution account. Like ex- 5000 …

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Posted by Sahaj Singh 6 years, 4 months ago
- 5 answers
Sobit . 6 years, 4 months ago
Concept of revaluation a/c
ALL LOSSS DR.
i.e
Decrease in value of assets means loss
increases in value of liability menas loss
ALL PROFITS CR.
decrease in value of liability menas profit
Increase in value of assets means profits
So outstanding salary would be dr.
Rohit Jaiswal 6 years, 4 months ago
Outstanding hamari liability hoti h to hum revaluation a/c k Dr. Side likhenge
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Sneha Giri 6 years, 4 months ago
0Thank You