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An unrecorded asset brought into the books at admission leads to a credit to which account?
ACapital A/c
BRevaluation A/c
CBank A/c of firm
DGoodwill A/c
Answer & Solution
Correct answer: B. Revaluation A/c
An unrecorded asset is a gain, so the asset is debited and Revaluation A/c is credited.
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