Unrecorded assets at the time of retirement of a partner are
Unrecorded assets at the time of retirement of a partner are
a) Credited to Revaluation Account.
b) Credited to Capital Account of the retiring partner only
c) Debited to Revaluation Account
d) Credited to Partners’ Capital Accounts
Anurag Pathak Changed status to publish July 2, 2023
Ans – a)
Explanation:-
Increases in assets are recorded at the credit side at the time of reconstitution of the partnership firm.
Anurag Pathak Changed status to publish July 2, 2023
