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The increase in the value of assets or decrease in the value of liabilities will be credited to _________account.

+2 votes

asked Mar 28, 2019 in Class 12 by kratos

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The increase in the value of assets or decrease in the value of liabilities will be credited to _____account.

class-12
reconstitution of partnership
admission of a partner

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1 Answer

+6 votes

answered Oct 29, 2020 by kratos

Best answer

The increase in the value of assets or decrease in the value of liabilities will be credited to revaluation account.

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