At the time of admission of partner, if the book value and the market value of

Question

At the time of admission of partner, if the book value and the market value of investment is same, the balance in Investment Fluctuation Reserve is transferred to which account ?

Options:

A . Old partners'Capital A/c

B . Revaluation A/c

C . New partner Capital A/c

D . Reserve A/C

Answer: Option A

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