(A) General Reserve A/c (X)
(B) Profit & Loss A/c (X)
(C) Asset A/c (X)
(D) Capital Reserve A/c ()
Answers: The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to Capital Reserve A/c.
(A) General Reserve A/c (X)
(B) Profit & Loss A/c (X)
(C) Asset A/c (X)
(D) Capital Reserve A/c ()
Answers: The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to Capital Reserve A/c.
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