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
What is debit balance of revaluation account?
  • A
    Profit
  • B
    Liabilities
  • ✓
    Loss
  • D
    Receivable
✓

Answer

Correct option: C.
Loss

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

At the time of dissolution, which of the following is not included in third party liability?
→
A partner withdraw total $Rs.6,000$ in a year in equal installments at the end of the every month then interest on drawings at $12\%$ p.a. is$.......$
→
If a company does not receive subscription for at least __________ of the public issue, then share issue would be cancelled.
→
Where will you record the interest on credit balance of current account, when the fixed capital accounts of partners are maintained ?
→
What is called franchise of the following ?
→
In revaluation account on which side bad debts reserve is to be shown?
→
Which debentures are like currency ?
→
In partnership firm every partner is $.......$ for other partner.
→
The unit of mutual fund which has more than $12$ months is called $.........$
→
In case of fixed capital account method, salary to the partners are recorded in $.......$ account.
→