Q433
If there is a decrease of Rs. 6,000 in the value of creditors, the journal entry will be
A.
Revaluation A/c dr. 6,000 to creditors A/c 6,000
B.
Profit and loss A/c dr. 6,000 to creditors A/c 6,000
C.
Creditors A/c dr. 6,000 to revaluation A/c 6,000
AnswerD.
No Entry
Answer: Option C
Solution
Answer: Option C
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