Partnership 2 - EXERCISE 1 Revaluation Account

 What is Revaluation? 重估账户

Need for revaluation (需要重估的原因)

• When there is a change is profit and loss sharing ratio among partners  (損益分配比率改變)
• Admission of a new partner (新合夥人加入), 
• Withdrawal or death of an old partner (舊合夥人退出或去世))

READING MATERIAL
 http://proxy.flss.edu.hk/~flssmcwong/S5%20Notes/Chapter%2010%20Partnership%20revaluation.pdf