If Land Is Revalued Upwards,the Accounting Adjustment Will Be

question 24

Multiple Choice

If land is revalued upwards,the accounting adjustment will be:

• A) Dr: Land Cr: Revaluation reserve
• B) Dr: Revaluation reserve Cr: Land
• C) Dr: Land Cr: Cash
• D) Dr: Revaluation reserve

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Definitions:

Xiphoid Process

A small cartilaginous extension of the lower part of the sternum, which can be felt as a small bump on the chest.

Earlobe

The lower part of the external ear that is composed of soft skin and a small amount of fatty tissue, often the site for ear piercings.

Percutaneous Endoscopic Gastrostomy

A medical procedure that involves inserting a tube through the abdomen into the stomach to provide nutrition.

Jejunostomy Tube

A medical device inserted through the skin into the jejunum (part of the small intestine) to provide nutrition directly.