Maharashtra State BoardHSC Commerce 12th Board Exam
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Write the Word/Term/Phrase which can substitute the following statement: Debit balance of revaluation Account. - Book Keeping and Accountancy

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One Word Answer

Write the Word/Term/Phrase which can substitute the following statement:

Debit balance of revaluation Account.

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Solution

Debit balance of revaluation account. - Loss on revaluation

Concept: Transfer of Reserve Fund Or General Reserve/Accumulated Profit Or Loss
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 4 Reconstitution of Partnership (Retirement of Partner)
Exercise 4 | Q (B) 3. | Page 182
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