In this solution why we recorded building a/c in debit side of revaluation a/c - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

In this solution why we recorded building a/c in debit side of
revaluation a/c

Neha Chopra · Accepted Answer

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/-

Hope this helps
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In this solution why we recorded building a/c in debit side of revaluation a/c. ...