📊 Financial Accounting 2
Q. On the retirement of a partner any reserve being should be transferred to the capital account of:
  • (A) all partners in the old profit sharing ratio
  • (B) remaining partners in the new profit sharing ratio
  • (C) neither the retiring partner, nor the remaining partner
  • (D) none of above
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✅ Correct Answer: (A) all partners in the old profit sharing ratio

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