For any decrease in the value of liability, revolution A/c is to be:

Related MCQs

• In the revaluation account a decrease in the value of plant and machinery:
• Liability of partners in a partnership business is:
• Revolution A/c is a:
• While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
• Any partner who investments in the business but does not take active part in the business is:
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• If the hire purchaser fails to make payment of any installment, it is called _______
• Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.
• Value of goods withdrawn by the proprietor for his personal use should be credited to ____
• If the Market value of closing Inventory is less than its cost price, inventory will he shown at ____