Name of the asset that is compulsory to revalue at the time of admissi

1.	Name of the asset that is compulsory to revalue at the time of admission if a new partner?
Answer» Answer ッ At the time of admission of a PARTNER, the assets and liabilities may or may not be REVALUED DEPENDING upon whether there is any increase or DECREASE in their balances. However, it is necessary to VALUE goodwill of the firm at the time of admission of a partner.

Name of the asset that is compulsory to revalue at the time of admission if a new partner?

Answer»

Answer ッ

At the time of admission of a PARTNER, the assets and liabilities may or may not be REVALUED DEPENDING upon whether there is any increase or DECREASE in their balances. However, it is necessary to VALUE goodwill of the firm at the time of admission of a partner.

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Name of the asset that is compulsory to revalue at the time of admission if a new partner?

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