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Outstanding expenses are brought down to …

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Outstanding expenses are brought down to ye revolution me Kaha jayenge

    • Posted by Sonu Kashyap 5 years, 1 month ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Shashi Ramachandran 5 years, 1 month ago

    Outstanding expenses -------Liability decrease ------------profit ------------ Cr. side of Revaluation A/c

    Note: Revaluation is nominal account. Nominal Account rule says 'Debit all losses and expenses and Credit all gain & income'

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