In this solution why we recorded building a/c in debit side of revaluation a/c. ...
Dear Student
Building account in debit side of revaluation account generally means that building is revalued at a price less then its current book value i.e to reduce the value of building in the books of account it is debited in the revaluation account.
In the solution you posted, building account is posted in debit side of revaluation account by Rs 3,000/-, this means that your question must has a point to reduce the value of building by Rs 3,000/-
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Building account in debit side of revaluation account generally means that building is revalued at a price less then its current book value i.e to reduce the value of building in the books of account it is debited in the revaluation account.
In the solution you posted, building account is posted in debit side of revaluation account by Rs 3,000/-, this means that your question must has a point to reduce the value of building by Rs 3,000/-
Hope this helps
Please get back to us for any query
Keep posting
Regards