Journal entry for recording unrecorded computers at the time of admission of a partner is:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Computers A/c Dr To Revaluation A/c.
If there are assets that were previously unrecorded then their recording will impact the revaluation account. Unrecorded asset is a gain of the firm. Journal entry passed in this case is- Unrecorded Asset A/c Dr. To Revaluation A/c.
So, the correct entry is Computers A/c Dr To Revaluation A/c.