If the value of assets due to revaluation is more than the book value, then there will be ___

Hidden goodwill

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Revaluation loss

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Revaluation profit

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None of these

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Solution

The correct option is C
Revaluation profit

If the value of assets due to revaluation is more than the book value, then there will be revaluation profit.

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Similar questions

If the value of liabilities due to revaluation is more than the book value, then there will be ___

If the value of assets is increased, the gain will be _______ to the revaluation account

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

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