Question

The account which is prepared to adjust the increase or decrease in the value of assets at the time of admission of a partner is called: a) Realisation account. b) Revaluation account. c)P and L account. d)None of the above.​

Answer 1

Answer:

b)revaluation account

The account which is prepared to adjust the increase or decrease in the value of assets at the time of admission of a partner is called revaluation account.

Explanation:

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Answer 2

Answer:

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