Multiple Choice Questions on If at the time of admission there is some unrecorded liability it will be ........ for Commerce 12th Preparation

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Multiple Choice Questions

If at the time of admission there is some unrecorded liability it will be ........

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    If at the time of admission, there is some unrecorded liability, it will be :

    Debited to Revaluation Account

    Correct Answer

    Credited to Revaluation Account

    Incorrect Answer

    Debited to Goodwill Account

    Incorrect Answer

    Credited to partners’ Capital Accounts

    Incorrect Answer
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    Explanation:

    Debited to Revaluation Account

    By: santosh
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