Decrease in the value of Assets should be _____ to Revaluation Account.
Q.1 (A) (iii) Decrease in the value of Assets should be _____ to Revaluation Account.
A. Debited
B. Credited
C. Equal
D. Added
1 answer
Best answer
Answer: A. Debited
Answer: (a) Debited
A decrease in the value of an asset is a loss on revaluation. The entry is Revaluation A/c Dr. To Asset A/c, so the decrease is debited to Revaluation Account.
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· 28 Oct 2026
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