A. debited to the revaluation account
B. debited to the profit and loss account
C. credited to the revaluation account
D. credited to the profit and loss account
Correct Answer:
Option B – debited to the profit and loss account
A. debited to the revaluation account
B. debited to the profit and loss account
C. credited to the revaluation account
D. credited to the profit and loss account
Correct Answer:
Option B – debited to the profit and loss account
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