The profit or loss on revaluation of assets and liabilities is transferred to the capital account of Options: A . &nbspThe old partners B . &nbspThe new partner C . &nbspAll the partners D . &nbspThe sacrificing partners

The profit or loss on revaluation of assets and liabilities is transferred to t

Question

The profit or loss on revaluation of assets and liabilities is transferred to the capital account of

Options:

A . The old partners

B . The new partner

C . All the partners

D . The sacrificing partners

Answer: Option A

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Question 1. At the time of admission the goodwill brought by the new partner may be credited to the capital accounts of....

Question 2. Which of the following statements is not true in relation to admission of a partner....

Question 3. Partnership firms in India are governed under the Partnership Act....

Question 4. At the time of admission of partner, if the book value and the market value of investment is same, the balance in Inves....in Investment Fluctuation Reserve is transferred to which account ?

Question 5. When goodwill existing in the books is written off at the time of admission of a partner....

Question 6. Change in the relationship of existing partners which results coming to an end in agreement and a new agreement coming ....in agreement and a new agreement coming into effect is:

Question 7. Goodwill of the firm of A and B is valued at Rs....

Question 8. In which ration is utilised for distribution of goodwill by existing partner in the case of admission of new partner?....

Question 9. A and B are partners in the ratio of 2:1....

Question 10. A and B are partners in the ratio of 3:2....

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