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
    Unrecorded assets or liabilities are transferred to:

    A) partners' capital account

    B) partners' current account

    C) revaluation account

    D) profit and loss account

    Correct Answer: C

    Solution :

    [c] revaluation account


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