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CUET

Q25. Consider the following facts related to Revaluation Account, its adjustments and treatment of reserves. A. Revaluation profit is distributed in the capital ratio of the partners. B. Revaluation Account is considered as Nominal Account. C. When all debtors are good, existing provision for doubtful debt is not distributed and continued in future. D. Under-valuation of Inventories is adjusted on the credit side of Revaluation Ac. E. Excess amount of workmen compensation claim over workmen compensation reserve is transferred to debit side of Revaluation A/c. Choose the correct answer from the options given below: