Do we need to revalue the assets and liabilities in case of death of partner?

Yes

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Yes

Yes , we need to revalue the assets and liabilities in case of death of a partner.

Suggest Corrections

Similar questions

Q. We do the revaluation of assets and liabilities because only the partners want to share all the gains or losses between them.

Why is there need for the revaluation of assets and liabilities on the admission of a partner?

Do we need to re-evaluate the assets and liabilities at the time of retirement of a partner?

We do the revaluation of assets and liabilities because the ____________ partners wanted to share all the gains or losses between them without involving the _________ partner

Why there is a need for the revaluation of assets and liabilities on the admission of a partner?

Join BYJU'S Learning Program

Do we need to revalue the assets and liabilities in case of death of partner?

The correct option is A Yes Yes , we need to revalue the assets and liabilities in case of death of a partner.

The correct option is A
Yes

Yes , we need to revalue the assets and liabilities in case of death of a partner.