Question

At the time of reconstitution of a firm if expenses are borne by a partner then it will be debited to revaluation account. (True/False) with reason.​

Answer 1

Answer:

It is True.....

Explanation:

At the time of reconstitution of a firm if expenses are borne by a partner then it will be debited to revaluation account.

it is true so the reason is also same....