Which account is prepared at the time retirement or death of a partner to show the changes in the value of assets and liabilities:
A. Revaluation A/c
B. Realisation A/c
C. Partner’s Capital A/c
D. None of these
Answer:A
Which account is prepared at the time retirement or death of a partner to show the changes in the value of assets and liabilities:
A. Revaluation A/c B. Realisation A/c C. Partner’s Capital A/c D. None of these