The journal entries recorded for revaluation of assets and reassessment of liabilities are given here, find the correct : (A) For increase in the…
CUET UG 2025 — Accountancy Partnership
The journal entries recorded for revaluation of assets and reassessment of liabilities are given here, find the correct :
(A) For increase in the value of an asset
Asset A/c Dr.
To Revaluation A/c
(B) For reduction in the value of an asset
Revaluation A/c Dr.
Asset A/c
(C) For increase in the amount of a liability
Liability A/c Dr.
To Revaluation A/c
(D) For recording in the amount of a unrecorded liability
Revaluation A/c Dr.
To Liability A/c
Choose the correct answer from the options given below:
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B), (C), (D)
- B
(A), (B) and (D) only
- C
(B), (A) and (C) only
- D
(C), (B) and (D) only
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