A

Admin • 802.91K Points
Coach

Q. Unrecorded asset when discovered is:

  • (A) Debited to Revaluation A/c
  • (B) Credited to Revaluation A/c
  • (C) Debited to Capital A/c
  • (D) Credited to Profit & Loss A/c
  • Correct Answer - Option(B)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Unrecorded assets are credited to Revaluation A/c as they increase the firm's value.

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