Question

If at the time of retirement, there is some unrecorded asset, it will be ______ to ______ Account.

विकल्प

• Debited; Revaluation

• Credited; Revaluation

• Debited; Goodwill

• Credited; Partner's Capital

Answer 1

If at the time of retirement, there is some unrecorded asset, it will be Credited to Revaluation Account.

Explanation:

If there is an unrecorded asset at the time of retirement, it will be credited to the Revaluation Account.