What will be the revaluation entry for these ??- out of insurance which was debited to profit and loss account , rs 1000 to be carried forward as unexpired insurance..- reserve for legal charges to be made at rs 300

unexpired insurance account dr. 1000
to revaluation account 1000

revaluation account dr. 300
to reserve for legal charges account 300
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Unexpired insurance premium treatment in revaluation account
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unexpired insurance a/c dr to revaluation a/c.
  • 0
revaluation a/c dr to reserve for legal charges 300
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Plz solve this

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