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Assertion (A): Unrecorded assets are credited to revaluation account.Reason (R): Increase in value of asset is gain. 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 |
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Answer» Correct option is a. Both A and R are correct and R is the correct explanation of A |
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