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 ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

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

No worries! We‘ve got your back. Try BYJU‘S free classes today!

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

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

to record the general reserve

No worries! We‘ve got your back. Try BYJU‘S free classes today!

to record the profit on revaluation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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

Suggest Corrections

Similar questions

Partner's Capital A/c is debited:

Q. State whether the Partner's capital account is debited to record the gain of revaluation account.

Q. State whether the Partner's capital account is debited to record the loss of revaluation account.

What entry (debit or credit) would you make to: (a) increase revenue (b) decrease in expense, (c) record drawings (d) record the fresh capital introduced by the owner.

Q. What entry (debit or credit) would you make to (a) increase revenue, (b) decrease in expense, (c) record drawings, (d) record the fresh capital introduced by the owner.

Join BYJU'S Learning Program

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