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RP
Question Practice

What is the effect of an unrecorded liability on a partner’s capital during revaluation?

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

What is the effect of an unrec...

Single Answer MCQ
Q-00082260

What is the effect of an unrecorded liability on a partner’s capital during revaluation?

1

It decreases the partner's capital.

2

It increases the partner's capital.

3

It has no effect on capital.

4

It only affects profits.

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