At the time of admission of a new partner, General Reserve a appearing in the old Balances Sheet is trasferred to:
A. All Partner’s Capital Accounts .
B. New Partners’ Capital Accounts
C. Old Partner’s Capital Accounts
D. None of these
Answer:C
At the time of admission of a new partner, General Reserve a appearing in the old Balances Sheet is trasferred to:
A. All Partner’s Capital Accounts . B. New Partners’ Capital Accounts C. Old Partner’s Capital Accounts D. None of these