At The Time of Admission of A Partner, What Will Be The Effect of The Following Information? Balance In Workmen Compensation - Bzziii.com

At the time of admission of a partner, what will be the effect of the following information? Balance in Workmen compensation reserve ₹40,000. Claim for workmen compensation ₹45,000.

(A) ₹45,000 Debited to the Partner’s capital Accounts.
(B) ₹40,000 Debited to Revaluation Account.
(C) ₹5,000 Debited to Revaluation Account.
(D) ₹5,000 Credited to Revaluation Account.

(C) ₹5,000 Debited to Revaluation Account. 

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CBSE Class 12 Accountancy Sample Paper-2022