=+Requirement Assuming that the assets of the partnership are to be taken over at their revalued amounts,
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=+Requirement Assuming that the assets of the partnership are to be taken over at their revalued amounts, show:
(a) the revaluation account;
(b) the partners’ capital account; and
(c) the amended balance sheet of the partnership to reflect the above changes.
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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