Ask a Question

Revaluation of assets at the time of reconstitution is necessary because their present value may be

0 votes
154 views
in Accountancy by (98.9k points)
edited

Revaluation of assets at the time of reconstitution is necessary because their present value may be different from their:

(A) Market Value.

(B) Net Value.

(C) Cost of Asset

(D) Book Value.

1 Answer

0 votes
by (98.9k points)
selected by
 
Best answer

Correct option is (A) Market Value.

Related questions

0 votes
1 answer 98 views
At the time of retirement of a partner, profit on revaluation will be credited to :
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)
0 votes
1 answer 103 views
At the time of retirement of a partner, account is prepared. (a) revaluation A/c
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)

Doubtly is an online community for engineering students, offering:

  • Free viva questions PDFs
  • Previous year question papers (PYQs)
  • Academic doubt solutions
  • Expert-guided solutions

Get the pro version for free by logging in!

Most popular tags

jeemain geography-10th engineering physics semester 5 web computing

5.7k questions

5.1k answers

108 comments

561 users

Doubtly
...