Question

fixed asset is compulsory to revalue at the time of admission of a new partner ? is it true or false ​

Answer 1

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False

At the time of admission of a partner, the assets and liabilities may or may not be revalued depending upon whether there is any increase or decrease in their balances. However, it is necessary to value goodwill of the firm at the time of admission of a partner.

Explanation:

hope it helps you

Answer 2

Answer:

false

Explanation:

fixed asset is compulsory to revalue at the time of admission of a new partner ( false)