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Question

Accountancy Question on Capitalism

Which of the following items will be recorded in Revaluation A/c.
(A) Capital brought in by New partner
(B) Plant is to depreciated by 20%20\%
(C) 60,00060,000 brought in by new Partner for Goodwill
(D) Stock overvalued by 5,0005,000
(E) Unrecorded creditors to the extent of 1,500₹ 1,500
Choose the correct answer from the options given below:

A

(A), (C) and (E) Only

B

(B), (D) and (A) Only

C

(B), (C) and (D) Only

D

(B), (D) and (E) Only

Answer

(B), (D) and (E) Only

Explanation

Solution

The correct option is (D) :(B), (D) and (E) Only