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

Realizable Value

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Revalued figure

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Market Value

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Old Book Values

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Solution

The correct option is B
Revalued figure

In case the 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

In case of revaluation account is prepared, the assets & liabilities appear in the books of the 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.

At what figures the value of assets and liabilities appear in the books of the firm after revaluation has been done? 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.

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

The correct option is B Revalued figure In case the 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 figure

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