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RP
Question Practice

If the revaluation account shows a debit balance, what does this indicate?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If the revaluation account sho...

Single Answer MCQ
Q-00082198

If the revaluation account shows a debit balance, what does this indicate?

1

Net gain on revaluation

2

Net loss on revaluation

3

No change in asset values

4

Increase in partner's capital

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