How unrecorded assets are treated at the time of retriement of a partner ?
A. Credited to Revaluation Account
B. Credited to Capital Account of Retiring Partner
C. Debited to Revaluation Account
D. Credited to Partner’s Capital Accounts
Answer:A
How unrecorded assets are treated at the time of retriement of a partner ?
A. Credited to Revaluation Account B. Credited to Capital Account of Retiring Partner C. Debited to Revaluation Account D. Credited to Partner’s Capital Accounts