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Question
In case of admission of a partner, the entry for unrecorded investments will be:
Options
Debit Partners Capital A/c and Credit Investments A/c
Debit Revaluation A/c and Credit Investment A/c
Debit Investment A/c and Credit Revaluation A/c
None of the above
MCQ
Solution
Debit Investment A/c and Credit Revaluation A/c
shaalaa.com
Accounting for Revaluation of Assets and Reassessment of Liabilities
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