A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will: 
  • a)
    Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000
  • b)
    Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000 
  • c)
    Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000
  • d)
    None of these 
Correct answer is option 'B'. Can you explain this answer?

Related Test

Can you answer this doubt?

People are searching for an answer to this question.
This discussion on A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like A firm has an unrecorded investment of Rs. 5,000. Entry in the firm’s journal on admission of a partners will:a)Revaluation A/c Dr. 5,000To Unrecorded Investment A/c 5,000b)Unrecorded Investment A/c Dr. 5,000To Revaluation A/c 5,000c)Partner’s capital A/c Dr. 5,000To Unrecorded Investment 5,000d)None of theseCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.