1.

Where the decrease in value of assets at the time of reconstruction of partnership firm recorded ?(A) Debited to Revaluation A/c(B) Debited to Profit and Loss A/c(C) Credited to Revaluation A/c(D) Debited to Partner’s Capital/Current A/c

Answer»

Correct option is (A) Debited to Revaluation A/c



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