_____ is credited when unrecorded asset is brought into business.

Q.1 (B) (5) _____ is credited when unrecorded asset is brought into business.

A. Revaluation Account

B. Balance Sheet

C. Partners’ Capital Account

D. Trading Account

Doubtly Asked 28 Oct 2026 Board exam · March 2026 hsc 12th Save WhatsApp Report

1 answer

Best answer

Answer: A. Revaluation Account

Answer: (a) Revaluation Account

Bringing an unrecorded asset into the books is a gain, so the entry is: Asset A/c Dr. To Revaluation (Profit and Loss Adjustment) A/c.

Doubtly AI · 28 Oct 2026 AI-generated · not yet verified Report

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