Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm? Option 1: Increase in assets Option 2: Drawings against capital Option 3: Interest on capital Option 4: Partner's salary

The answer is 'Increase in assets'. View full solution:

CUET Accountancy - Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm? | PYQs + Solutions

CUET Accountancy

Partnership

Easy

Increase in assets

Drawings against capital

Interest on capital

Partner's salary

✅ Correct Option: 1

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