Recording of an unrecorded asset on the reconstltutlam of a partnership firm will be:
A. A gain to the existing partners
B. A loss to the existing partners
C. Neither a gain nor a loss to the existing partners
D. None of these
Answer:A
Recording of an unrecorded asset on the reconstltutlam of a partnership firm will be:
A. A gain to the existing partners B. A loss to the existing partners C. Neither a gain nor a loss to the existing partners D. None of these