At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Old partners’ capital account
NCERT (2026-27 edition):
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At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:
Correct answer: option 4
The correct answer is Option (4) → Old partners’ capital account
NCERT (2026-27 edition):
|
