2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are recorded at:

    A) Historical cost    

    B) Current cost

    C) Realisable value  

    D) Revalued figures

    Correct Answer: D

    Solution :

    [d] Revalued figures


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