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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)


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Previous PostGive any two circumstances in which sacrificing ratio may be applied. (C.B.S.E. 2019)
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