CUET Accountancy - The journal entries recorded for revaluation of assets and reassessment of liabilities are given here, find the correct : (A) For increase in the value of an asset Asset A/c Dr. To Revaluation A/c (B) For reduction in the value of an asset Revaluation A/c Dr. Asset A/c (C) For increase in the amount of a liability Liability A/c Dr. To Revaluation A/c (D) For recording in the amount of a unrecorded liability Revaluation A/c Dr. To Liability A/c Choose the correct answer from the options given below: | PYQs + Solutions