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When a new partner is admitted to a partnership, there is a need to revalue the?

When a new partner is admitted to a partnership, there is a need to revalue the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Capital of the business
  • B Capital and liabilities of the business
  • C Assets and capital of the business
  • D Assets and liabilities of the business
Correct Answer: Option D
Explanation:

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