Balance sheet prepared after new partnership agreement, assets and liabilities are recorded at:
A. Original Value
B. Revalued Figure
C. At Realisable Value
D. Either of (A) or (B)
Answer:B
Balance sheet prepared after new partnership agreement, assets and liabilities are recorded at:
A. Original Value B. Revalued Figure C. At Realisable Value D. Either of (A) or (B)