CUET Preparation Today
| If at the time of admission of a partner, some profit and loss account balance appears in the books, it will be transferred to which account? |
Profit & Loss Adjustment Account All partner's Capital Accounts Old partner's Capital Accounts Revaluation Account |
| Old partner's Capital Accounts |
| If at the time of admission of a partner, some profit and loss account balance appears in the books, it will be transferred to Old partner's Capital Accounts. |
