Accountancy, asked by sonusingh78459, 7 months ago

gain on revaluation will​

Answers

Answered by rajm91241
15

Answer:

cost price.

Explanation:

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Answered by kalaiselvikalaiselvi
0

Answer:

Explanation:

One retirement of a partner , it is required to revalue assets and liabilities just in the case of admission of a partner . If there is a revaluation profit , then such profit should be distributed amongst as a existing partner including the retiring partner at the existing ratio.

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