Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2006 - Question 48

Account 2006 JAMB Past Questions - Question 48: In converting a partnership to a company, the loss on asset revaluation is

Choose the most appropriate option for the gap .

In converting a partnership to a company, the loss on asset revaluation is

A: debited to the revaluation account

B: debited to the profit and loss account

C: credited to the revaluation account

D: credited to the profit and loss account

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ACCOUNTING

Account 2006 JAMB Past Questions - Question 48: In converting a partnership to a company, the loss on asset revaluation is

Examkit's JAMB CBT App

Correct Answer

Explanation