Which account will be prepared at the time of admission of a new partn – McqOptions

MCQOPTIONS

1.	Which account will be prepared at the time of admission of a new partner for giving effect of changes in the values of assets u0026 liabilities in the old balance sheet?
A.	Profit u0026 Loss A/c
B.	Revaluation A/c
C.	Memorandum Revaluation A/c
D.	Realisation A/c
Answer» C. Memorandum Revaluation A/c

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