Question : If partners decided not to change book value of assets and liabilities on admission of new partners, then account prepared to adjust profit and loss arising on account of change in value of assets and liabilities is

Question : -----------------account is prepared at the time of dissolution of the partnership while ------------------account is prepared at the time of dissolution of the partnership firm.

Question : -----------------account is prepared at the time of dissolution of the partnership while ------------------account is prepared at the time of dissolution of the partnership firm.

Question : If Memorandum revaluation account is prepared, Assets and liabilities will appear in balance sheet at

Question : Given below are two statements, one labelled as Assertion (A) and the other labeled as Reason (R): 

Assertion (A): Revaluation A/c is prepared at the time of Admission of a partner.  

Reason (R): The profit