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Home Questions FP07E9SSY4
Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Match List-I with List-II

List-IList-II
(A) A creditor of Rs. 1000 is not likely to claim his money and is to be written off.(I) Revaluation A/c ...........Dr  1000
    To Creditors A/c    1000
(B) Creditors were unrecorded to the extent of Rs 1,000.(II) Revaluation A/c..........Dr  4000
    To Stock A/c    4000
(C) Stock is found overvalued by Rs 4,000.(III) Creditors A/c ...........Dr  1000
    To Revaluation A/c    1000
(D) Stock is found undervalued by Rs 4,000.(IV) Stock A/c ...........Dr  4000
    To Revaluation A/c    4000

Choose the correct answer from the options given below:

Options:

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (II), (B) - (IV), (C) - (III), (D) - (I)

Correct Answer:

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

Explanation:

The correct answer is Option (1) → 

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

CUET Questions