CUET Preparation Today
At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of: |
Old partners in old profit sharing ratio Old partners in new profit sharing ratio All the partner in the new profit sharing ratio New partner in old profit sharing ratio |
Old partners in old profit sharing ratio |
The correct answer is Option (1) → Old partners in old profit sharing ratio |
