The net result of revaluation is adjusted through the ___________ accounts of the partners

Revaluation account is a___________account

A ________ account is opened to record the increase or decrease in assets and liabilities

_______ is created out of profit to adjust the reduction in the market value of the investments.

__________ created out of profit to adjust the reduction in the market value of the investments.

Old ratio of profit minus sacrifice ratio will be __________

The old partners share all the accumulated profits and reserve in their ___________

On admission of a partner if goodwill account is to be raised this should be debited to __________

In order to maintain fair dealings, at the time of admission, it is necessary to revalue assets and liabilities of the firm to their _______

When A and B sharing profits and losses in the ratio of 3:2, they admit C as a partner giving him 1/3 share of profits. This will 'be given by A and B.

The revaluation profit or loss is transferred to the old partner's capital accounts, in their __________

When an unrecorded liabilities is brought into books, is results in

When the value of an asset increases, it results in

Revaluation account is also called

A person may join as a new partner in an existing