Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Sundry Assets A/c Dr. To Revaluation A/c(Unrecorded assets recorded) Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive any two circumstances in which sacrificing ratio may be applied. (C.B.S.E. 2019) Next PostWhat is the effect of admission of a new partner on Partnership? You Might Also Like X, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. September 27, 2022 What is meant by Calls-in-Advance? September 28, 2022 Why does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. September 27, 2022
Why does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) October 8, 2022