General reserve at the time of admission of a partner is transferred to:
A. Revaluation a/c
B. Partners’ capital a/c
C. Neither of two
D. Profit and loss a/c
Answer:B
General reserve at the time of admission of a partner is transferred to:
A. Revaluation a/c B. Partners’ capital a/c C. Neither of two D. Profit and loss a/c