At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to capital Account of Options: A . &nbspOld partner in old ratio B . &nbspOld partner in new ratio C . &nbspAll partner in new ratio D . &nbspOld partners in sacrifice ratio

At the time of admission of a partner, undistributed profits appearing in the b

Question

At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to capital Account of

Options:

A . Old partner in old ratio

B . Old partner in new ratio

C . All partner in new ratio

D . Old partners in sacrifice ratio

Answer: Option A

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Question 1. On the admission of a new partner increase in the value of assets is debited to....

Question 2. A, B and C are partners in a Firm....

Question 3. At the time of admission of a partner , general reserve appearing in the old Balance sheet is transferred to....

Question 4. When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are recorded at....

Question 5. On admission of a new partner balance of General Reserve Account should be transferred to the capital account of....

Question 6. At the time of admission of a new partner, ________ of assets and liabilities should be taken up....

Question 7. _________ ratio is computed at the time of admission of a new partner....

Question 8. The old partners share all the accumulated profits and reserves in their....

Question 9. On admission of a new partner, increase in value of assets is debited to....

Question 10. The difference between old profit sharing ratio and new profit sharing ratio at time of admission is ________ ratio....

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