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RP
Question Practice

At the time of a partner's admission, how are the accumulated undistributed profits treated?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

At the time of a partner's adm...

Single Answer MCQ
Q-00082096

At the time of a partner's admission, how are the accumulated undistributed profits treated?

1

Transferred to new partner's account

2

Transferred to old partners' accounts in old ratio

3

Transferred to profit and loss account

4

Ignored completely

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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