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Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. (C.B.S.E. 2019, Delhi)

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Sundry Assets                       Dr.
    To Revaluation A/c
(Unrecorded assets recorded)






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Previous PostWhy are “Reserves & Surplus” distributed at the time of reconstitution of the firm?
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