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MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam
Why do we
revalue asset on
admission of
new Partner?
New Partner should not get past profit
New partner should not get past earned profit.
New partner joins for future profit....
Example
MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam
Watch Full Video course &
take quiz visit
https://www.meraskill.com
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Why revaluation on admission of partner

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New partner should not get past earned profit.
New partner joins for future profit.
All profit till date has to accrue to existing partners.
Hence all assets and liabilities are revalued to current value.
All loss or profit are transferred to existing partners capital a/c.

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Why revaluation on admission of partner

  1. 1. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Why do we revalue asset on admission of new Partner?
  2. 2. New Partner should not get past profit New partner should not get past earned profit. New partner joins for future profit. All profit till date has to accrue to existing partners. Hence all assets and liabilities are revalued to current value. All loss or profit are transferred to existing partners capital a/c. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam
  3. 3. Example MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam
  4. 4. Watch Full Video course & take quiz visit https://www.meraskill.com MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam

New partner should not get past earned profit. New partner joins for future profit. All profit till date has to accrue to existing partners. Hence all assets and liabilities are revalued to current value. All loss or profit are transferred to existing partners capital a/c.

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