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P1 C5 ADMISSION OF A PARNER — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C5 ADMISSION OF A PARNER1 Mark
MCQ
Revaluation account is also known as$ ...........$
  • A
    profit-loss account
  • ✓
    profit and loss adjustment account
  • C
    pro tit and loss appropriation account
  • D
    profit and loss suspense account
✓

Answer

Correct option: B.
profit and loss adjustment account

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