Question:
At the time of admission of a new partner, general reserve appearing in the old Balance Sheet is transformed to :-
At the time of admission of a new partner, general reserve appearing in the old Balance Sheet is transformed to :-
Updated On: Sep 19, 2024
- All partner's Capital accounts
- New partner's Capital account
- Old partner's Capital accounts
- Sacrificing Partner's Capital accounts
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The Correct Option is C
Solution and Explanation
The correct option is (C) :Old partner's Capital accounts.
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