A general reserve treated at the time of admission of a new partner, it is transferred to ______.
A. Old Partner’s capital account
B. Profit and loss adjustment account
C. Realisation account
D. Revaluation account
Answer:A
A general reserve treated at the time of admission of a new partner, it is transferred to ______.
A. Old Partner’s capital account B. Profit and loss adjustment account C. Realisation account D. Revaluation account