Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:
Which of the following assets is compulsorily revalued at the time of admission of a new partner ?
Options:
Stock
Goodwill
Fixed Assets
Investments
Correct Answer:
Goodwill
Explanation:
Goodwill is compulsorily revalued at the time of admission of a new partner.