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How unrecorded assets are treated at the time of retirement of a partner?
  • a)
    Credited to revaluation account
  • b)
    Credited to capital account of retiring partner only
  • c)
    Debited to revaluation account
  • d)
    Credited to partner’s capital account
Correct answer is option 'A'. Can you explain this answer?
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How unrecorded assets are treated at the time of retirement of a partner?a)Credited to revaluation accountb)Credited to capital account of retiring partner onlyc)Debited to revaluation accountd)Credited to partner’s capital accountCorrect answer is option 'A'. Can you explain this answer?
Question Description
How unrecorded assets are treated at the time of retirement of a partner?a)Credited to revaluation accountb)Credited to capital account of retiring partner onlyc)Debited to revaluation accountd)Credited to partner’s capital accountCorrect answer is option 'A'. 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 How unrecorded assets are treated at the time of retirement of a partner?a)Credited to revaluation accountb)Credited to capital account of retiring partner onlyc)Debited to revaluation accountd)Credited to partner’s capital accountCorrect answer is option 'A'. 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 How unrecorded assets are treated at the time of retirement of a partner?a)Credited to revaluation accountb)Credited to capital account of retiring partner onlyc)Debited to revaluation accountd)Credited to partner’s capital accountCorrect answer is option 'A'. Can you explain this answer?.
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