Book value of stock (₹ 40,000). However the stock is found o... | Accountancy | SolveeIt | Solveeit

Today, August 18

Question

Book value of stock $₹ 40,000$ . However the stock is found overvalued by $₹ 4,000/-.$ The amount $₹ 4,000$ will be:

A

Debited to Revaluation A/c

B

Credited to Revaluation A/c

C

Debited to Partner's capital A/c

D

Credited to Partner's capital A/c

Answer

Debited to Revaluation A/c

Explanation

Solution

The correct option is (A) :Debited to Revaluation A/c