wiz-icon
MyQuestionIcon
MyQuestionIcon
37
You visited us 37 times! Enjoying our articles? Unlock Full Access!
Question

The revaluation profit/ loss is transferred to the capital accounts of ______.


A

All partners

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

Outgoing partner

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

Ongoing partners

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Incoming partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A

All partners


The revaluation profit/ loss is transferred to the capital accounts of all partners.


flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Retirement of a Partner- I
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon