Question

Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be______

• A. Assets A/C Dr. To all Partners capital A/C
• B. Assets A/C Dr. To Revaluation A/c
• C. Revaluation A/C Dr. To assets A/C
• D. Revaluation A/C Dr. To old partner's capital A/C

Answer 1

Answer: (B)

Assets A/C Dr. To Revaluation A/c

Answer 2

The correct option is (B): Assets A/C Dr. To Revaluation A/c