Which of the following would not affect the revaluation account at the time of admission of a new partner in the partnership firm?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- Drawings against capital.
Drawings against capital would not affect the revaluation account at the time of admission of a new partner in the partnership firm.
It will affect the capital account of partner. Drawings represent withdrawals made by partners for personal use and are recorded in their capital account.