12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    Partner's capital account is debited:

    A) to record the profit on revaluation

    B) to record the general reserve

    C) to record the P and L account (Dr.)

    D) to record the shortage of capital brought in

    Correct Answer: C

    Solution :

    [c] to record the P and L account (Dr.)


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