2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Change in Profit Sharing Ratio Among Existing Partner

12th Class Accountancy Change in Profit Sharing Ratio Among Existing Partner Question Bank MCQs - Change in Profit-Sharing Ratio Among Existing Partners

  • question_answer
    Revaluation Account will be debited when:

    A) Value of fixed assets decreases

    B) Value of fixed assets increases

    C) Value of liabilities reduces

    D) None of these

    Correct Answer: A

    Solution :

    Value of fixed assets decreases


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