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easyMCQCUET Accountancy 2022 20 July Shift 12026Accountancy
1 mark

Match List - I with List - II.
image
Choose the correct answer from the options given below:

  1. A
    (a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
  2. B
    (a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)
  3. C
    (a) - (i), (b) - (ii), (c) - (iv), (d) - (iii)
  4. D
    (a) - (ii), (b) - (i), (c) - (iv), (d) - (iii)

Solution & Step-by-step Explanation

(a) Building undervalued: Increase in asset value is credited to the Revaluation Account.(b) Building overvalued: Decrease in asset value is debited to the Revaluation Account.(c) Capital withdrawn: Debited to Partner's Capital Account.(d) Additional capital introduced: Credited to Partner's Capital Account.

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Match List - I with List - II.
image
Choose the correct answer from the options given below:
A
(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
B
(a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)
C
(a) - (i), (b) - (ii), (c) - (iv), (d) - (iii)
D
(a) - (ii), (b) - (i), (c) - (iv), (d) - (iii)

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