Question

Revaluation Account is debited :

• A. To transfer loss on revaluation
• B. On derease in the amount of creditors
• C. On increase in the value of land & building
• D. On increase in provision for doubtful debts

Answer 1

The correct option is D

On increase in provision for doubtful debts

Revaluation Account is debited on increase in Provision for doubtful debts as this is an increase in liability