On the retirement of a partner, general reserve will be transferred to the
A. Capital account of all the partners
B. Revaluation account
C. Capital account of the continuing partners
D. Memorandum revaluation account
Answer:A
On the retirement of a partner, general reserve will be transferred to the
A. Capital account of all the partners B. Revaluation account C. Capital account of the continuing partners D. Memorandum revaluation account