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accounting treatment

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(Querist)
22 April 2009 how will profit on revaluation of asset that is transferred to a company being a partner be reflected in the books of the partner.

note- the partnership firm is getting dissolved.
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Brij Bhushan Sangal

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Brij Bhushan Sangal (Expert)
22 April 2009 Mr. amit as partnership has dissolved, you may book net outcome (profit) in your accounts
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