if an asset is revalued at lower cost than its original cost the-13311
if an asset is revalued at lower cost than its original cost, the balance amount will be treated as loss on revaluation of fixed assets
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Lecture No.20 - Quiz No.1.
if an asset is revalued at lower cost than its original cost, the balance amount will be treated as loss on revaluation of fixed assets
Loss
Profit
Balance
None of the given
