In the balance sheet prepared after the new partnership agreement, assets and liabilities are shown at:

current cost

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realisable value

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revalued figure

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original value

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Solution

The correct option is C
revalued figure

In the balance sheet prepared after the new partnership agreement, assets and liabilities are shown at revalued figures.

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Balance Sheet as at 31^st March, 2018
Liabilities	₹	Assets	₹
Trade Creditors	42,000	Stock in Hand	48,000
Expenses Accrued	3,200	Debtors	36,000
Bank Overdraft	4,800	Prepaid Expenses	400
Long-Term Loan	20,000	Goodwill	20,000
Interest on Loan	1,000	Land	20,000
Capital	93,400	Plant	32,000
		Furniture	8,000
	1,64,400		1,64,400

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In the balance sheet prepared after the new partnership agreement, assets and liabilities are shown at:

The correct option is C revalued figure In the balance sheet prepared after the new partnership agreement, assets and liabilities are shown at revalued figures.

The correct option is C
revalued figure

In the balance sheet prepared after the new partnership agreement, assets and liabilities are shown at revalued figures.