2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    In case of admission of a partner, the entry for unrecorded investments will be:

    A)
    Partners' Capital A/c                    Dr.
    To Investment A/c

    B)
    Revaluation A/c                          Dr.
    To Investment A/c

    C)
    Investment A/c                           Dr.
    To Revaluation A/c

    D) None of the above

    Correct Answer: C

    Solution :

    (c)
    Investment A/c                           Dr.
    To Revaluation A/c


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