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 revaluation account is not prepared, the assets and liabilities appear in the books of reconstituted firm at their:

    A) old book values   

    B) market value

    C) revalued figures   

    D) realisable value

    Correct Answer: A

    Solution :

    [a] old book values


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