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RP
Question Practice

Which accounting treatment applies when there is a loss on revaluation?

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

Which accounting treatment app...

Single Answer MCQ
Q-00082203

Which accounting treatment applies when there is a loss on revaluation?

1

Book gain to the Capital Account

2

Credit Revaluation Account

3

Partners bear the loss proportionally

4

Debit Capital Account of existing partners only

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