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  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
    Profit or loss on revaluation of assets and reassessment of liabilities is transferred to partners' capital accounts in their:

    A) Capital Ratio      

    B) Equal Ratio

    C) Old Profit Sharing Ratio  

    D) Gaining Ratio

    Correct Answer: C

    Solution :

    [c] Old Profit Sharing Ratio


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