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
    Preliminary expense, advertisement suspense, deferred revenue expenditure will be:

    A) Debited to the sacrificing partners

    B) Debited to the all partners Capital/Current Accounts (including new partner)

    C) Debited to the old partners Capital/Current Accounts

    D) Debited to the new partner's Current Account

    Correct Answer: C

    Solution :

    Debited to the old partners Capital/Current Accounts


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