A revaluation surplus is what type of account?
A) Asset
B) Liability
C) Income
D) Equity

Name: A revaluation surplus is what type of account? A) Asset B) Liability C) Income D) Equity
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Question

Quizplus · Accepted Answer

A revaluation surplus is considered part of equity on the balance sheet. It represents an increase in the value of an asset or reduction in the amount of liabilities that exceeds their carrying value, typically due to a change in fair market value.

A Revaluation Surplus Is What Type of Account