In case of Revaluation account is not prepared, the assets and liabilities appear in the books of the reconstituted firm at their :

realisable values

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revalued figures

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market values

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old book values

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Solution

The correct option is D
old book values

In case of Revaluation account is not prepared, the assets and liabilities appear in the books of the reconstituted firm at their old book values

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Similar questions

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In case of Revaluation account is not prepared, the assets and liabilities appear in the books of the reconstituted firm at their :

The correct option is D old book values In case of Revaluation account is not prepared, the assets and liabilities appear in the books of the reconstituted firm at their old book values

The correct option is D
old book values

In case of Revaluation account is not prepared, the assets and liabilities appear in the books of the reconstituted firm at their old book values