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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationEasy

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After admission of a new partner assets should be shown at what value?

Answer and explanation

Correct answer: Revalued value

After revaluation assets are shown at their corrected values. In final balance sheet use revalued values.

Related tags

Balance-Sheet Revalued-Value Assets Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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