Any decrease in the value of the asset will be _______ to the revaluation account

None of the above

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Either A or B

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Credited

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Debited

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Solution

The correct option is D
Debited

Any decrease in the value of the asset will be debited to the revaluation account.

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Similar questions

Any transaction which either increases liability or decreases assets is a ____________.

Any decrease in the value of the liabilities will be _____ to the revaluation account

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