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RP
Question Practice

Which of the following correctly describes the gain on revaluation of assets when a partner leaves?

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

Which of the following correct...

Single Answer MCQ
Q-00082173

Which of the following correctly describes the gain on revaluation of assets when a partner leaves?

1

The value decreases

2

The gain is shared among all partners

3

It's ignored unless a partner dies

4

It only affects the capital account

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