When a new partner is admitted, the increase in the value of the assets is debited to which account?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Assets account
NCERT (2026-27 edition):
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When a new partner is admitted, the increase in the value of the assets is debited to which account?
Correct answer: option 1
The correct answer is Option (1) → Assets account
NCERT (2026-27 edition):
|
