Question : Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?
Option 1: Increase in assets
Option 2: Drawings against capital
Option 3: Interest on capital
Option 4: Partner's salary
Correct Answer: Increase in assets
Solution : Changes in either assets or liabilities and unrecorded assets or liabilities are recorded in the Revaluation A/c.
Question : Which of the following would affect the Revaluation Account at the time of admission of a partner?
Question : Arrange the following in the correct order:
(A)
Question : Libraries run by charitable trusts are an example of:
Question : Arrange the following steps in the correct sequence of the life of a company :
Question : Arrange the following in the correct sequence in the context of debenture.
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