Advertisements
Advertisements
Question
The accumulated profit of the firm will be recorded in which of the following accounts at the time of admission of a new partner?
Options
Revaluation Account
Old Partner's Capital Account
Profit and Loss Account
All Partner's Capital Account
MCQ
Solution
Old Partner's Capital Account
shaalaa.com
Admission of a Partner - Adjustment of Accumulated Profits and Losses
Is there an error in this question or solution?
