Revaluation of Assets

Question 1

Increase in Value of assets / Unrecorded assets

Answer 1

Assets ac
to revaluation

Question 2

Increase in Value of Liability / Unrecorded Liability

Answer 2

Revaluation
to Liability

Question 3

Decrease In Value of Assets

Answer 3

Revaluation ac
to Assets

Question 4

Decrease in Value of Liability

Answer 4

Liability
to Revaluation

Question 5

Profit on Revaluation

Answer 5

Revaluation
to old partners

Question 6

Loss on Revaluation Loss

Answer 6

Old partners
to Revaluation