Question 25 In a realization account loss arises if: Not yet answered Marked out of 1.00 Flag question Assets are realized at less than the book value and/or liabilities are settled at more than book value. Assets are realized at more than the book value and/or liabilities are settled at more than book value Assets are realized at more than the book value and/or liabilities are settled at less than book value, Assets are realized at less than the book value and/or liabilities are settled at less than book value. In the revaluation account, a decrease in the value of plant and machinery Question 26 Not yet answered Married out of 1.00 Flag question Appears on the debit side Appears on the debit side of good will account Appears on the credit side None of the listed choices 12. Reconstitution of partnership means Question 38 Not yet answered Marked out of 1.00 P Flag question 1. End of the existing agreement ii. Birth of a new agreement Neither are correct. i and it i only I only Question 37 On dissolution of the firm, land and building at book value is transferred to: Not yet answered Marked out of 1.00 P Flag question Credit side of realization account Debit side of realization account Debit side of partners capital account None of these Question 36 Not yet What is the journal Entry to record loss on Revaluation account? answered Marked out of 1.00 P Flag question None of the listed choices Dr. Old partners' capital account Cr. Revaluation account (Old profit-sharing ratio) Dr. Revaluation account Cr. Old partners' capital account (Old profit-sharing ratio) Dr. Revaluation account Cr. Old partners' capital account (Sacrificing ratio)