Question:
At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to_______
At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to_______
Updated On: May 16, 2024
- All Partner's Capital A/C
- New Partner's Capital A/C
- Old Partner's Capital A/C
- Gaining Partner's Capital A/C
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The Correct Option is C
Solution and Explanation
The correct option is (C): Old Partner's Capital A/C
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