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प्रश्न
Which of the following is not readjusted at the time of admission of a new partner?
पर्याय
Capital Account
Profit-Sharing Ratio
Profit and Loss Account
None of the above
MCQ
उत्तर
Profit and Loss Account
Explanation:
The Profit and Loss Account is not readjusted when a new partner is admitted; only the capital account and profit-sharing ratio are adjusted. Changes in the value of assets and liabilities are recorded in the revaluation account.
shaalaa.com
Admission of a New Partner
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