Why necessary to evaluate the assets and liability of a firm its reconstitution explain briefly?
Answers
Answered by
2
The necessity to revalue assets and reassess liabilities at the time of admission of new partner to again reinstate the justice to the existing partners and treat the new entrant at par with them for sharing in the ratio already agreed upon by giving due weight-age.
Similar questions
Social Sciences,
6 months ago
Computer Science,
6 months ago