Saved Bookmarks
| 1. |
Assertion (A): Increase in value of assets and decrease in amount of liabilities are credited to revaluation account.Reason (R): Revaluation is a nominal account. a. Both A and R are correct and R is the correct explanation of A.b. Both A and R are correct but R is not the correct explanation of A. c. A is correct but R is wrong d. A is wrong but R is correct |
|
Answer» Correct option is a. Both A and R are correct and R is the correct explanation of A |
|