If the value of liabilities 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 B
Revaluation loss

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

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Similar questions

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

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

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