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In the case of downward revaluation of an asset, Revaluation Account is ______.

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In the case of downward revaluation of an asset, Revaluation Account is debited.

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Chapter 2: Change in Profit Sharing Ratio among the Existing Partners - OBJECTIVE TYPE QUESTIONS [Page 2.98]

Chapter 2 Change in Profit Sharing Ratio among the Existing Partners
OBJECTIVE TYPE QUESTIONS | Q (C) 11. | Page 2.98

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