1.A revaluation decrease is recognised in the Profit and Loss statement unless it is reversing a previous...
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Question:
1.A revaluation decrease is recognised in the Profit and Loss statement unless it is reversing a previous increase of the same asset previously recognised in Other Comprehensive Income. True or False
2.The amount of depreciation that is expensed on a plant will be debited using which account
Select one:
A.Plant account
B.Depreciation account
C.Cash account
D.Repair account
Posted Date: