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P1 C4 RECUSTRUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C4 RECUSTRUCTION OF PARTNERSHIP1 Mark
MCQ
Revaluation account is also known as $........ $
  • A
    Capital reserves account
  • B
    Profit-loss appropriation account
  • ✓
    Profit-loss adjustment account
  • D
    Profit-loss 
✓

Answer

Correct option: C.
Profit-loss adjustment account

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