At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:
A. All Partner’s Capital Accounts
B. New Partner’s Capital Account
C. Old Partners’. Capital Accounts
D. None of these
Answer:C
At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:
A. All Partner’s Capital Accounts B. New Partner’s Capital Account C. Old Partners’. Capital Accounts D. None of these