In the name of ALLAH, the most beneficient, the most merciful

Financial Accounting - II (MGT401)

Question (select most suitable option)

  What will be the accounting treatment of loss in the books of accounts of a company which arises from the revaluation of an asset?
Dr. Asset A/C
Cr. Revaluation A/C
Dr. Asset A/C
Cr. Accumulated Depreciation A/C
Dr. Asset A/C
Cr. Disposal of Asset A/C
Dr. Revaluation A/C
Cr. Asset A/C