On retirement of a partner’s the amount of General Reserve is transferred to all partner’s capital account in:
A. New Profit Sharing Ratio
B. Capital Ratio
C. Old Profit Sharing Ratio
D. None of these
Answer:C
On retirement of a partner’s the amount of General Reserve is transferred to all partner’s capital account in:
A. New Profit Sharing Ratio B. Capital Ratio C. Old Profit Sharing Ratio D. None of these