TMI BlogPartnership Business Closure: Closing Stock Valuation Must Reflect Market Value, Not Book Value, for Outsider Transfers.Valuation of stock on discontinuation one business of partnership firm – if the firms were to transfer closing stock especially an item like gold, to an outsider, definitely book value will not be the value at which the stock would be transferred - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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