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Where there is a reversal of a previous inventory write-down, the entry would involve a __to the inventory account and a ______to an income account
Where there is a reversal of a previous inventory write-down, the entry would involve a __to the inventory account and a ______to an income account labelled 'Reversal of previous inventory write-down' or its equivalent. Question 1 Answer a. deletion; creation b. credit; debit c. None of the given options are correct. d. debit; credit
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