B Com Exam  >  B Com Questions  >  Which account is used to adjust the value of ... Start Learning for Free
Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?
  • a)
    Capital Account
  • b)
    Revaluation Account
  • c)
    Profit and Loss Account
  • d)
    Goodwill Account
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which account is used to adjust the value of assets and liabilities at...
The Revaluation Account (or Profit and Loss Adjustment Account) is used to adjust the value of assets and liabilities to reflect their true value at the time of the admission of a new partner.
Explore Courses for B Com exam
Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer?
Question Description
Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which account is used to adjust the value of assets and liabilities at the time of the admission of a new partner?a)Capital Accountb)Revaluation Accountc)Profit and Loss Accountd)Goodwill AccountCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev