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At the time of admission of new partner, creditors overvalued are ______ to Revaluation Account.

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Question

At the time of admission of new partner, creditors overvalued are ______ to Revaluation Account.

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Solution

At the time of admission of new partner, creditors overvalued are credited to Revaluation Account.

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.186]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 8. | Page 3.186
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