Under partnership financial statements, what is generally fixed? a. Capital account b. Current account c....
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Accounting
Under partnership financial statements, what is generally fixed?
a.
Capital account
b.
Current account
c.
Property account
d.
Bank account
_______________________
Revaluation account is prepared to give effect to:
a.
Change in value of liabilities alone
b.
Change in the value of assets alone
c.
Undistributed profits & losses
d.
Change in the value of assets & liabilities
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