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
    When a new partner is admitted the balance of General Reserve appearing in the Balance Sheet at the time of admission is credited to:

    A) Capital/current Accounts of all partners (including new partner)

    B) Capital/current Accounts of all old partners only

    C) Capital/current Accounts of Sacrificing partners only

    D) Capital/current Accounts of Gainer partners only

    Correct Answer: B

    Solution :

    Capital/current Accounts of all old partners only


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