Answer this question ..

Solution:-

Correct option is B i.e A is true but R is false.

Explanation:-
Unrecorded liability is loss for firms so at the time of change in profit sharing ratio, it is debited to Revaluation Account. 

R is incorrect, because any loss at the time of reconstitution will be debited to Revaluation and any gain will be credited to Revaluation Account 

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B part is correct
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