Which time memorandum revaluation alc are prepared?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CA Foundation Exam > CA Foundation Questions > Which time memorandum revaluation alc are pre...

Join the Discussion on the App

Which time memorandum revaluation alc are prepared?

Join for Free

Join for Free

Verified Answer

Which time memorandum revaluation alc are prepared?

Whenever the word 'Memorandum' is used before any account, it means that account is not supported by double entry book keeping system. Memorandum Revaluation Account is prepared when at the time of admission/retirement the partnership firm does not want to change the values of assets and liabilities in the balance but wants to give its effect through partners' capital accounts.

This question is part of UPSC exam. View all CA Foundation courses

View all answers Start learning for free

Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

Which account will be prepared at the time of admission of a new partner for giving effect of revaluation of assets and liabilities without changing the value of assets and liabilities of old Balances Sheet?

View answer

General Revenue at time of admission of a new partner is transferred to

View answer

Revaluation account is prepared at the time of

View answer

The probability that there is at least one error in an account statement prepared by 3 persons a b c are 0.2 , 0.3 and 0.1 respectively if A and B and C prepare 60 70 90 such statement then Expected number of correct statement?

View answer

The balance of memorandum revaluation account (second part), is transferred to the capital accounts of the partners in

View answer

Top Courses for CA FoundationView all

Quantitative Aptitude for CA Foundation

Principles and Practice of Accounting

Business Laws for CA Foundation

Business Economics for CA Foundation

Mock Tests & Past Year Papers for CA Foundation

Top Courses for CA Foundation

View all

Which time memorandum revaluation alc are prepared?

Share with a Friend

Answer this doubt

Question Description
Which time memorandum revaluation alc are prepared? 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 Which time memorandum revaluation alc are prepared? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which time memorandum revaluation alc are prepared?.

Solutions for Which time memorandum revaluation alc are prepared? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Which time memorandum revaluation alc are prepared? defined & explained in the simplest way possible. Besides giving the explanation of Which time memorandum revaluation alc are prepared?, a detailed solution for Which time memorandum revaluation alc are prepared? has been provided alongside types of Which time memorandum revaluation alc are prepared? theory, EduRev gives you an ample number of questions to practice Which time memorandum revaluation alc are prepared? tests, examples and also practice CA Foundation tests.

Explore Courses for CA Foundation exam