Which among the following statement/s are correct? Statement No 1: If a revaluation result shows an increase in value, it should be credited to other comprehensive income statement. Statement No - 2:...

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Which among the following statement/s are correct?<br>Statement No<br>1: If a revaluation result shows an increase in value, it should be credited to other comprehensive<br>income statement.<br>Statement No - 2: If a revaluation result shows a decrease in value, it should be debited to income statement.<br>Önly statement No 2 is correct.<br>Only statement No 1 is correct.<br>Both statements are correct<br>None of the statements are correct.<br>

Extracted text: Which among the following statement/s are correct? Statement No 1: If a revaluation result shows an increase in value, it should be credited to other comprehensive income statement. Statement No - 2: If a revaluation result shows a decrease in value, it should be debited to income statement. Önly statement No 2 is correct. Only statement No 1 is correct. Both statements are correct None of the statements are correct.

Jun 11, 2022

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Which among the following statement/s are correct? Statement No 1: If a revaluation result shows an increase in value, it should be credited to other comprehensive income statement. Statement No - 2:...

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