The idea of revaluation of asset in case of retirement was that all compensation to the retiring partner should be based on the value of assets.

actual

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

market

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

subsidised

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

stamp duty

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

Open in App

Solution

The correct option is A actual
The idea of revaluation of asset and liabilities in case of retirement was that all the compensation to the retiring partner should be made based on the actual value of assets and liabilities.

Suggest Corrections

Similar questions

Profit/Loss on Revaluation of Assets & Liabilities on the retirement of a partner is shared by the partners in their:

Join BYJU'S Learning Program