Question:
Book value of stock \(₹ 40,000\). However the stock is found overvalued by \(₹ 4,000/-.\) The amount \(₹ 4,000\) will be:
Book value of stock \(₹ 40,000\). However the stock is found overvalued by \(₹ 4,000/-.\) The amount \(₹ 4,000\) will be:
Updated On: Sep 23, 2024
- Debited to Revaluation A/c
- Credited to Revaluation A/c
- Debited to Partner's capital A/c
- Credited to Partner's capital A/c
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The Correct Option is A
Solution and Explanation
The correct option is (A) :Debited to Revaluation A/c
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