Cambrige Notes: Principles of Accounting: Example revaluation of partnership assets
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets
- As already pointed out in another post, sometimes it is necessary for a partnership to revalue its assets
- We have already looked at the entries necessary to record these changes in value
- Now we will look at an example […]