On the admission ofa new partner, increase in the value of assets is debited to which account ?
A. Revaluation Account
B. Assets Account
C. Old Partners’ Capital Accounts
D. None of these
Answer:B
On the admission ofa new partner, increase in the value of assets is debited to which account ?
A. Revaluation Account B. Assets Account C. Old Partners’ Capital Accounts D. None of these