CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

At the time of retirement, the assets and liabilities are revalued so that the _______ share in profit/loss due to revaluation can be ascertained.



A

All partners

loader
B

Outgoing partner

loader
C

Incoming partners

loader
D
None of these
loader

Solution

The correct option is A

Outgoing partner


At the time of retirement, the assets and liabilities are revalued so that the Outgoing Partners' share in profit /loss due to revaluation can be ascertained.


Accountancy

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image