Page 2 - Home Assignment QUES

c) partners capital a/c
d) none of these

9. Revaluation A/c shows loss which account will be debited

a) Revaluation a/c
b) machine a/c
c) partners capital a/c

d) none of these

1O. Revaluation A/c shows loss which account will be credited

a) Revaluation a/c
b) machine a/c
c) partners capital a/c
d) none of these

11. If value of machine will appreciate then_________ A/c will be
credited

a) Revaluation a/c
b) machine a/c

c) partners capital a/c
d) none of these

12. If value of machine will depreciate then_________ A/c will be
credited

a) Revaluation a/c
b) machine a/c
c) partners capital a/c
d) none of these

13 X and Y are partners sharing profits and losses in the ratio 2:1 . Their
Balance Sheet as at 31st March, 2018 is:

Liabilities ` Assets `

Sundry Creditors 80,000 Cash in Hand 90,000