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Numerical question

Posted by Devesh Yadav 1 year, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Arun Patel 1 year, 3 months ago

sorry'

Arun Patel 1 year, 3 months ago

Answer: It is necessary to revalue assets and liabilities so that the incoming partner does not suffer from the previous values stated in the balance sheet. These values are either overstated or understated and so does not bring a true market value of fixed assets and liabilities.

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