Question

at the time of admission of new partner workmen compensation reserve appears at rupees 80000 in the balance sheet and workmen compensation claim is estimated at rupees 95000.rupees 80000 will be charged from workmen compensation reserve and balance of rupees 15000 will be charged from:

A) old partners capital account

B) new partners capital account

C) revaluation account

D) none of the above.​

Answer 1

so the answer is

C. revaluation account

Answer 2

Answer:

c) revaluation account

Explanation:

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