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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
    A debtor whose dues of ` 1,900 were written off as bad debts, now paid ` 700 in full settlement. How would you record this item?

    A) Cr. Side of Revaluation A/c ` 700 and add same in cash/bank account

    B) 1,900 Dr. Side of Revaluation A/c and 700 Cr. Side

    C) 1,200 Dr. Side of Revaluation A/c and 700 in cash account

    D) 700 Cr. Side of Revaluation A/c and deduct 700 from debtors

    Correct Answer: A

    Solution :

    Cr. Side of Revaluation A/c ` 700 and add same in cash/bank account


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