Question 1 Sale of assets are recorded in realization account at: Not yet answered Marked out of 1.00 Settlement value Historical value Book value Realized value Flag question 2 Which among the following is not true about partnership agreement Partnership agreement can be in writing Partnership agreement can be expressed verbally Partnership agreement should be signed by all the partners Partnership agreement is different from partnership deed Door 3 Noty Revaluation account is normally not credited with which of the following items 100 Tag wuestion Decrease in the amount of liabilities Unrecorded assets now recorded Decrease in the value of assets Increase in the value of assets en 4 Not yet What are the two rights acquired by the new partner, when he is admitted to the firm? and out of Right to share the reserves and provisions Right to share the depreciation Right to share the reserves and dividends Right to share the assets and future profits of the partnership firm