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RP
Question Practice

When revaluating assets, which account is debited when there is an increase in asset values?

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

When revaluating assets, which...

Single Answer MCQ
Q-00082101

When revaluating assets, which account is debited when there is an increase in asset values?

1

Old partners' capital account

2

Profit and Loss Adjustment account

3

New partner's capital account

4

Asset account

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