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

In converting a to a partnership 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

jamb 2006 accounting

The correct answer is B. debited to the profit and loss account

No explanation given

Previous question Next question