Accountancy, asked by mukulattri0007, 1 year ago

State any two reasons for the preparation of revaluation account at time of admission of a partner

Answers

Answered by aiman69

1

1 for knowning real value of assets
2 share of new partner

Previous Question

Next Question

Similar questions

Math, 7 months ago

A flat in Amritsar sold for ₹182,765 less than a house in Chandigarh. If the flat in Amritsar was sold for ₹765,008, how much did the house in Chandigarh sell for?

Social Sciences, 7 months ago

Which among the follow determines the quality of population...

Math, 7 months ago

Jackson buys a group snow cone on a hot Day by the time he eats all the snow of the top the paper cone is filled with 27 Pie cm cube of melted purple liquid the radius of the cone is 3 cm what is the height of the cone...

Math, 1 year ago

The radii of two concentric circles are 13 cm and 8 cm. AB is a diameter of the bigger circle and BD is a tangent to the smaller circle touching it at D and intersecting the larger circle at P on producing. Find the length of AP. ( Pls give answer in respect of trignometric applications)...

Math, 1 year ago

the length and breadth of a rectangular ground is 180 M and 120 M respectively if Manish made 5 rounds around it and how many kilometre did he walked...

Science, 1 year ago

Of what material nipermag alloy made of?

History, 1 year ago

what is the concept of rule of law?

Physics, 1 year ago

how do you appreciate the efforts of man to use the metals in making tools?