Partner-s capital A - c is debited -A- to record the shortage of capital brought inB- to record the P-L A-c Dr-C- to record the profit on revaluationD- to record the general reserve

The correct option is B to record the P amp;L A/c (Dr.) Partner's capital A/c is debited to record the loss on revaluation ...

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Standard XII

Accountancy

Adjustments in Partner's Capital Accounts

Partner's cap...

Question

Partner's capital A/c is debited :

to record the shortage of capital brought in

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to record the P&L A/c (Dr.)

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to record the general reserve

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to record the profit on revaluation

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Solution

The correct option is B
to record the P&L A/c (Dr.)

Partner's capital A/c is debited to record the loss on revaluation

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Partner's capital A/c is debited :

The correct option is B to record the P&L A/c (Dr.) Partner's capital A/c is debited to record the loss on revaluation

The correct option is B
to record the P&L A/c (Dr.)

Partner's capital A/c is debited to record the loss on revaluation