Millionaire Mode

Accounting treatment of admission of a partner - class-XII

Question 1 of 15

General Reserve at the time of admission of a partner is transferred to ____________ .

  1. Revaluation Account
  2. Old Partner's Capital Account
  3. Capital Accounts of all partners, including new partner
  4. None of the above

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000