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प्रश्न
General Reserve appearing in the Balance Sheet is transferred to ______
विकल्प
Realization Account
Partners' Capital Accounts in their profit sharing ratio
Partners' Capital Accounts in capital ratio
None of the above
MCQ
रिक्त स्थान भरें
उत्तर
General Reserve appearing in the Balance Sheet is transferred to Partners' Capital Accounts in their profit sharing ratio.
Explanation:
The General Reserve is an appropriation of profits set aside for the future that was originally owned by the partner.
shaalaa.com
Change in Profit Sharing Ratio Among the Existing Partners
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