Revaluation account is operated to find out gain or loss at the time of:
A) admission of a partner
B) retirement of a partner
C) death of a partner
D) all of above
Correct Answer:
Verified
Q13: At the time of a new partner
Q14: In the revaluation account a decrease in
Q15: In the revaluation account an increase in
Q16: The partnership may come to an end
Q17: In case of retirement of a partner
Q19: Partners equity is effected due to:
A)retirement of
Q20: The accounting procedure at the retirement of
Q21: If the remaining partner want to continue
Q22: An account operated to ascertain the loss
Q23: Amount due to outgoing partner is shown
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