In converting a to a partnership company, the loss on asset revaluation is?
In converting a to a partnership company, the loss on asset revaluation is?
A debited to the revaluation account
B debited to the profit and loss account
C credited to the revaluation account
D credited to the profit and loss account
Answer is B
Follow me on twitter @campusflava for free cash/credit giveaway ( School fees support, Full waec, jamb, neco, app activation etc)
Tag:2006 Jamb Accounting, Jamb, Jamb 2006 accounting questions and answers, Jamb 2006 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board
