At the time of admission of a new partner, the entry for unrecorded investment will be:
A. Dr. Investment A/c and Cr. Revaluation A/c
B. Dr. Partners’ Capital A/c and Cr. Investment A/c
C. Dr. Revaluation A/c and Cr. Investment A/c
D. None of the above
Answer:A
At the time of admission of a new partner, the entry for unrecorded investment will be:
A. Dr. Investment A/c and Cr. Revaluation A/c B. Dr. Partners’ Capital A/c and Cr. Investment A/c C. Dr. Revaluation A/c and Cr. Investment A/c D. None of the above