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What is the need to revaluate …

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What is the need to revaluate and reasset the liabilities at the time of admission of a new partner ?

    • Posted by Neelaksi Saini 8 years, 5 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Shraddha P 8 years, 5 months ago

    To show true position of firm at the tym of admission of partner...so that new partner may not get advantage/disadvantage due to position of firm before he admitted as partner

    1Thank You

    ANSWER
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