State whether the following will be debited or credited in the revalua

1.	State whether the following will be debited or credited in the revaluation account. 1. Depreciation on assets 2. Unrecorded liability 3. Provision for outstanding expenses 4. Appreciation of assets
Answer» 1. Depreciation on assets – Debited 2. Unrecorded liability – Debited 3. Provision for outstanding expenses – Debited 4. Appreciation of assets – Debited

State whether the following will be debited or credited in the revaluation account. 1. Depreciation on assets 2. Unrecorded liability 3. Provision for outstanding expenses 4. Appreciation of assets

Answer»

1. Depreciation on assets – Debited

2. Unrecorded liability – Debited

3. Provision for outstanding expenses – Debited

4. Appreciation of assets – Debited