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Question
Revaluation of assets at the time of reconstitution is necessary because their present value may be different from their ______.
Options
Market Value
Net Value
Cost of Asset
Book Value
MCQ
Fill in the Blanks
Solution
Revaluation of assets at the time of reconstitution is necessary because their present value may be different from their market value.
shaalaa.com
Accounting for Partnership Firms - Reconstitution and Dissolution
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