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Commerce · Q605

Accounting

Graduate and Post Graduate · Commerce · question 605

Q605

Under CCA method, surplus or deficit due to change in value of assets and adjustment in profit and loss statement should be adjusted to

A.
General Reserve A/c
B.
Profit and Loss statement
C.
Revaluation Reserve A/c
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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