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Why revalue of asstes and liabilities …

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Why revalue of asstes and liabilities in admission of new partner

Posted by Alpana Singh 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Bhuvnesh Upadhyay 7 years ago

First, In revaluation account we revalue of assets and reassessment of liabilities And we revalue asset and reassessment of liabilities so that the upcoming partner do not get the benefit of raised valued or do not suffer any loss in case of undervalued

Aryan Singhania 7 years ago

So that the new upcomingartner do not get the benefit of raised value or do not suffer any loss by undervaluation

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CBSE > Class 12 > Accountancy

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