CA CPT 2014 June Question Paper Fundamentals of Accounting for online practice

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Question : 45 of 60

Marks: +1, -0

At the time of admission the unrecorded investments Rs. 30,000 should be treated, the adjustment entry will be

Unrecorded investment A/c Dr.30,000
To Revaluation 30,000
Revaluation A/cDr. 30,000T
o Unrecorded Investment A/c 30,000
Partners capital A/cDr. 30,000
To unrecorded Investment A/c 30,000
Unrecorded Investment A/c Dr.30,000
To Partners capital A/c 30,000

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