Financial Accounting MCQ: At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to: | Extra Education

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At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:

Correct Answer: Old Partners’. Capital Accounts

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Financial Accounting MCQ: At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to: | Extra Education