Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be ____ Option 1: Assets A/C Dr. To all Partners capital A/C Option 2: Assets A/C Dr. To Revaluation A/c Option 3: Revaluation A/C Dr. To assets A/C Option 4: Revaluation A/C Dr. To old partner's capital A/C

The answer is 'Assets A/C Dr. To Revaluation A/c'. View full solution:

CUET Accountancy - Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be ____ | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Easy

Assets A/C Dr. To all Partners capital A/C

Assets A/C Dr. To Revaluation A/c

Revaluation A/C Dr. To assets A/C

Revaluation A/C Dr. To old partner's capital A/C

✅ Correct Option: 2