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
    If at the time of admission, there is some unrecorded liability, it will be:

    A) debited to revaluation account

    B) credited to revaluation account

    C) debited to goodwill account

    D) credited to partners' capital accounts

    Correct Answer: A

    Solution :

    [a] debited to revaluation account


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