The debit side of a revaluation account is greater than the credit side. (a) Does this represent

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The debit side of a revaluation account is greater than the credit side.

(a) Does this represent a profit or a loss on realisation?

(b) Where would you expect to find the corresponding double entry?

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Cambridge International As And A Level Accounting Revision Guide

ISBN: 9781444192001

1st Edition

Authors: Ian Harrison, Michael Hillman

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Question Posted: Aug 28, 2023 12:11 PM

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The debit side of a revaluation account is greater than the credit side. (a) Does this represent

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a A loss b The correspondin...View the full answer

Cambridge International As And A Level Accounting Revision Guide

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