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On the admission of a new partner, the decrease in the value of assets is
English
Reconstitution of Partnership Firm: Admission of a Partner
Question
Updated
19 Aug 2026
On the admission of a new partner, the decrease in the value of assets is debited to:
A
Choose Your Answer
A
Revaluation Account
B
Assets Account
C
Old Partners’ Capital Accounts
D
None of these
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