Give the answer of shart and bharat revaluation account
Answers
Answered by
0
Answer:
shart and Bharat are partners with the equal share they admit lalit into partnership giving him 1/5 share revaluation account partners capital account new balance sheet
Answered by
0
Answer:
Revaluation account is a nominal account, which is prepared for the distribution and transfer of profits and losses arising due to the increase and decrease of the book value of assets and liabilities during change in profit sharing ratio, admission of a partner, retirement of a partner and death of a partner.
Explanation:
Similar questions