An increase in the value of an assets will be recorded in the _______ side of revaluation account.

ExamLookup

Tally : ACCOUNTING MASTERS IN TALLY ERP9

An increase in the value of an assets will be recorded in the _______ side of revaluation account.

A. debit

B. credit

C. either debit or credit

D. debit and credit both

Solution

B. credit