Which of the following assets is compuls

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Target Exam

CUET

Subject

Accountancy

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.