The assets which were earlier revalued upward and now revalued downward, to the extent of earlier upward revaluation amount should be.

Debited to Revaluation Reserve A/c

The assets which were earlier revalued upward and now revalued downwar

1.	The assets which were earlier revalued upward and now revalued downward, to the extent of earlier upward revaluation amount should be.
A.	Debited to Revaluation Reserve A/c
B.	Debited to Revaluation Reserve A/c
C.	Debited to P & L A/c
D.	Debited to P & L A/c
Answer» C. Debited to P & L A/c