question_answer

A and B are partners. They admit C as a new partner. At the time of admission of C following position appears: Balance sheet (Extract)

Liabilities	Amount	Assets	Amount
		Stock	10,000
		Furniture	20,000

Match the Followings :

1.	Stock is undervalued by 2000; Furniture increased to 21,000	(A)	Revaluation Profit = 23,000
2.	Stock is revalued at 12,000; Furniture increased by 21000	(B)	Revaluation loss = 6000
3.	Furniture brought down to 16,000; one computer of Rs. 5000 is unrecorded, now to be recorded	(C)	Revaluation Profit = 3000
4.	Furniture brought down by 16,000; A customer whose account was written off as bad Debt last year now recovered Rs. 10,000 from him	(D)	Revaluation Profit = 1000

 

A) 1-[B]; 2-[C]; 3-[D]; 4-[A]

B) 1-[B]; 2-[C]; 3-[A]; 4-[D]

C) 1-[C]; 2-[A]; 3-[D]; 4-[B]

D) 1-[C]; 2-[D]; 3-[A]; 4-[B]