If an asset is revalued at higher cost than its original cost-13319
If an asset is revalued at higher cost than its original cost, the excess amount will be treated as profit onrevaluation of fixed assets and it is credited to
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.21 - Quiz No.1.
If an asset is revalued at higher cost than its original cost, the excess amount will be treated as profit onrevaluation of fixed assets and it is credited to
Budget Account
profit & loss account
Revaluation Reserve Account
None of the given
