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If there is a decrease of Rs 6 000 in the...

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If there is a decrease of Rs. 6,000 in the value of creditors, the journal entry will be

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Correct Answer: Option C
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Abduselam Isak
Abduselam Isak 3 years ago
The correct journal entry for a decrease of Rs. 6,000 in the value of creditors would be:

C. Creditors A/c dr. 6,000 to revaluation A/c 6,000

The entry is made to reflect the decrease in the amount owed to creditors. By debiting the Creditors account, we reduce the amount payable to them. Simultaneously, we credit the Revaluation account to record the decrease in the value of creditors.

Therefore, the correct option is C. Creditors A/c dr. 6,000 to revaluation A/c 6,000.
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