alleryStart learning →PPE carrying Rs 80,000 is revalued to Rs 1,00,000. What goes to revaluation surplus?
ARs 20,000
BRs 80,000
CRs 1,00,000
DRs 1,80,000
Answer & Solution
Correct answer: A. Rs 20,000
The increase of 1,00,000 less 80,000 = 20,000 goes to revaluation surplus through other comprehensive income.
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