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Law · Q545

Indian Partnership Act

Graduate and Post Graduate · Law · question 545

Q545

On the settlement of account after dissolution of a firm, the assets should be valued on the basis of

A.
The book-value
B.
The book-value adjusted with the costindex
C.
The market value
Answer
D.
Either (B) or (C)

Answer: Option C

Solution

Answer: Option C
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