Where There Is an Asset Revaluation Decrement That Does Not

question 12

Multiple Choice

Where there is an asset revaluation decrement that does not reverse a previous increment, the amount is debited to:

• A) an expense account.
• B) retained profits.
• C) revaluation surplus.
• D) share capital.

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Definitions:

Union of Ovum and Sperm

The process of fertilization where a sperm cell combines with an ovum (egg) to form a zygote, the first stage in the development of a new organism.

Double Helix

The structure of DNA, characterized by two spiraling strands formed by base pairs bound together and twisted around each other.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Mitosis

A process of cell division in which the nucleus divides, resulting in two new nuclei, each of which has the same number of chromosomes as the original nucleus.