______ is credited when an unrecorded asset is brought into the business.

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Revaluation account is credited when an unrecorded asset is brought into the business. Explanation: When an unrecorded asset is discovered or brought into the business, it represents a gain for the firm. In partnership accounting, the revaluation account (also known as the profit and loss adjustment account) is a nominal account used to record such gains and losses.

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