List of top Accountancy Questions on Revaluation

An increase in the value of assets is recorded on which side of the Revaluation Account?
Revaluation Account is _________ account. (real/nominal)
Revaluation Account is alike a:
Revaluation Account is a
Excess of credit side over the debit side in Revaluation Account is called:
A, B & C were sharing profits & losses in the ratio of 3 : 2 : 1. They decided to share profits & losses equally in future. General reserve was appearing in their books at Rs 1,80,000. Goodwill was valued at Rs 1,20,000. The partners do not want to disturb the general reserve. The adjusting entry will be :