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When assets are revalued, and their value increases, how is this accounted for?a)Debit to Revaluation Accountb)Credit to Revaluation Accountc)Debit to Capital Accountd)Credit to Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When assets are revalued, and their value increases, how is this accounted for?a)Debit to Revaluation Accountb)Credit to Revaluation Accountc)Debit to Capital Accountd)Credit to Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When assets are revalued, and their value increases, how is this accounted for?a)Debit to Revaluation Accountb)Credit to Revaluation Accountc)Debit to Capital Accountd)Credit to Goodwill AccountCorrect answer is option 'B'. Can you explain this answer?.

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