At the time of admission of a partner, Employees Provident Fund is:
A. Distributed to partners in the old profit sharing ratio
B. Distributed to partners in the new profit sharing ratio
C. Adjusted through gaining ratio
D. None of the above
Answer:D
At the time of admission of a partner, Employees Provident Fund is:
A. Distributed to partners in the old profit sharing ratio B. Distributed to partners in the new profit sharing ratio C. Adjusted through gaining ratio D. None of the above