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Home Questions 56TUQE2234
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

If there are some accumulated losses in the form of a debit balance of profit and loss account appearing in the balance sheet of the firm. It should be transferred to:

Options:

The old partners' capital accounts.

The new partners' capital accounts.

All partners' capital accounts.

Not any partners' capital accounts.

Correct Answer:

The old partners' capital accounts.

Explanation:

The correct answer is Option (1) → The old partners' capital accounts.

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