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  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
    Revaluation account is debited:

    A) an increase in provision for doubtful debts

    B) an increase in value of land & building

    C) a decrease in amount of creditors

    D) to transfer loss on revaluation

    Correct Answer: A

    Solution :

    [a] an increase in provision for doubtful debts


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