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 prepared, the assets & 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: C

    Solution :

    [c] revalued figures


You need to login to perform this action.
You will be redirected in 3 sec spinner