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What is the purpose of revaluation of assets and liabilities during the admission of a new partner?a)To adjust the profit-sharing ratiob)To determine the new partner's capital contributionc)To calculate the premium brought in by the new partnerd)To assess the overall financial health of the firmCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about What is the purpose of revaluation of assets and liabilities during the admission of a new partner?a)To adjust the profit-sharing ratiob)To determine the new partner's capital contributionc)To calculate the premium brought in by the new partnerd)To assess the overall financial health of the firmCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of revaluation of assets and liabilities during the admission of a new partner?a)To adjust the profit-sharing ratiob)To determine the new partner's capital contributionc)To calculate the premium brought in by the new partnerd)To assess the overall financial health of the firmCorrect answer is option 'A'. Can you explain this answer?.

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