General Reserval at the time of admission of a new partner is transferred to :
A. Revaluation Account
B. Old Partner’s Capital Account
C. Profit and Loss Adjustment Account
D. Realisation Account
Answer:B
General Reserval at the time of admission of a new partner is transferred to :
A. Revaluation Account B. Old Partner’s Capital Account C. Profit and Loss Adjustment Account D. Realisation Account