What will be the revaluation entry for - *A provision made for Rs.1800 for outstanding legal charges*?

revaluation a/c dr. 1800/-
to outstanding legal charges a/c 1800/-

  • -1
  credit side
unrecorded asset
  • -2
in debit side " to outstanding legal charges 1800/- "

because it is a loss to the firm.
  • 0
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