In the event of death of a partner, the amount of general reserve is transferred to partners capital accounts in
A. The new profit sharing ratio
B. the capital ratio
C. None of the options
D. The old profit sharing ratio
Answer:D
In the event of death of a partner, the amount of general reserve is transferred to partners capital accounts in
A. The new profit sharing ratio B. the capital ratio C. None of the options D. The old profit sharing ratio