Download App

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 prepared when-
  • A
    Partnership firm starts
  • B
    Partnership firm closed down
  • C
    Status of partnership firm changed  
  • ✓
    Reconstruction of partnership firm takes place
✓

Answer

Correct option: D.
Reconstruction of partnership firm takes place

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C4 RECUSTRUCTION OF PARTNERSHIP→P1 C4 RECUSTRUCTION OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is the minimum number of members for public company?
→
Who has a voting right in a company's meeting ?
→
At the time of the reconstruction of a partnership firm $........$is prepared.
→
Goodwill is $........$ where individual skill is important.
→
When a new partner brought his share of goodwill in cash will be debited to $...........$ A/c.
→
The expenses of the company for current year are $₹ 15,00,000$ and this expenses are increased by $25 \%$ as compared to previous year, what will be the amount of previous year $?$
→
In which proportion profit-loss will be shared between the partners if no provision is made in the partnership deed ?
→
“Goodwill” is which type of asset ?
→
If partnership deed $1s$ silent, interest is payable at $........$ payable to the retiring partner.
→
If the wife of a partner has given a loan to the firm from her personal fund it is to be paid
→