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CA Foundation doubt

How does a loss come of 18000 in revaluation account

Image attached to the doubt: How does a loss come of 18000 in revaluation account

Asked by Yuvraj30 Aug 2024285 views

2 answers

  1. Shilpa · 30 Aug 2024

    Revaluation Cr Since creditors of 70000 settled by 45000 worth Furniture Revaluation Dr Since 1/4th Furniture which is worth 15000 settled by 12000 claim of Q And Unrecorded Creditors Remains is 30000

  2. Shilpa · 30 Aug 2024

    I'm getting 8000 ans

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