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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?
Most Upvoted Answer
A firm has an unrecorded investment of Rs. 5,000. Entry in the firm&rs...
's books to record this investment would be:

Debit: Investment account - Rs. 5,000
Credit: Cash/Bank account - Rs. 5,000

This entry will increase the firm's assets and will reflect the unrecorded investment in the financial statements.
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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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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