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

Related questions:

22 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Admission of a New Partner	(I) Realisation Account
(B) Retirement of a Partner	(II) Sacrificing ratio
(C) Dissolution of Partnership	(III) Executors Account
(D) Death of A Partner	(IV) Gaining Ratio

Choose the correct answer from the options given below:

27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Bank (fresh capital introduced)	(I) Debit side of Partner's Current Account
(B) Interest on drawings	(II) Debit side of Partner's Capital Account
(C) Bank (permanent withdrawal of capital)	(III) Credit side of Partner's Current Account
(D) Commission	(IV) Credit side of Partner's Capital Account

Choose the correct answer from the options given below:

22 May Shift 1

All adjustments in respect of partner's salary, partner's commission, interest on capital, interest on drawings, etc. are made through:

CUET Accountancy PYQs