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
    In case of fixed capitals, undistributed profits, general reserves, etc., are transferred to

    A) Partners' Capital Accounts

    B) Partners' Current Accounts

    C) Revaluation Account

    D) Profit and Loss Adjustment Account

    Correct Answer: B

    Solution :

    [b] Partners' current Account


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