When a new partner is admitted to a partnership, there is a need to revalue…

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Accounts - Principles of Accounts JAMB 2004

When a new partner is admitted to a partnership, there is a need to revalue the?

  • capital of the business
  • capital and liabilities of the business
  • assets and capital of the business
  • assets and liabilities of the business checkmark

The correct answer is: D

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