Question

A company revalues its PPE upward to reflect fair value. Where should the resulting increase be recorded in financial statements?

A P&L
B Revenue
C Equity reserve
D Deferred income
E Liability
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)