In case of revaluation account is prepared, the assets & liabilities appear in the books of the reconstituted firm at their:

realizable figures

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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 B
revalued figures

In case of revaluation account is prepared, the assets & liabilities appear in the books of the reconstituted firm at their revalued figures.

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Similar questions

Q. In case, revaluation account is not prepared, the assets & liabilities appears in the books of a reconstituted firm at their _______.

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At what figures the value of assets and liabilities appear in the books of the firm after revaluation has been due. Show with the help of an imaginary balance sheet.

Q. account is prepared in order to ascertain net gain or loss on revaluation of assets and liabilities and bringing unrecorded items into books.

____________ is prepared in order to ascertain net gain or loss on revaluation of assets and liabilities and bringing unrecorded items into books

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In case of revaluation account is prepared, the assets & liabilities appear in the books of the reconstituted firm at their:

The correct option is B revalued figures In case of revaluation account is prepared, the assets & liabilities appear in the books of the reconstituted firm at their revalued figures.

The correct option is B
revalued figures

In case of revaluation account is prepared, the assets & liabilities appear in the books of the reconstituted firm at their revalued figures.