2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    Employees Provident Fund is not distributed among the partners because it is a:

    A) Statutory liability

    B) Accumulated profit

    C) Free reserve

    D) Fictitious asset

    Correct Answer: A

    Solution :

    Statutory liability


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