Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?

Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?

The adjustment required for overvaluation of closing stock, while calculating adjusted profit for calculating goodwill is
(A) reduction from concerned year's profit.
(B) reduction from next year's profit.
(C) addition to next year's profit.
(D) addition to previous year's profit.
Choose the correct answer from the options given below:

A, B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future profits equally. The sacrifice or gain of partners are:

Which of the given transactions are to be transferred to Revaluation Account
A. Stock was overvalued by 20%
B. General reserve appearing in Books ₹2,00,000
C. Goodwill valued at ₹1,50,000
D. Worker's claim of ₹20,000, when there was no workmen Compensation fund
E. Goodwill appearing in the books ₹1,00,000
Choose the correct answer from the options given below: