Question

9. At the time of admission of a partner, what will be the effect of the following information? Balance in Workmen compensation reserve * 50,000. Claim for workmen compensation is Nil.
a. 45,000 Debited to the Partner's capital Accounts. b. 40,000 Debited to Revaluation Account. c. 5,000 Debited to Revaluation Account. d. 50,000 credited to Partners capital Account. ​

Answer 1

Answer:

c. 5,000 Debited to Revaluation Account.

Explanation:

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Answer 2

Answer:

c is the correct answer

1. 5,000 Debited to Revaluation Account.

Explanation:

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