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Question Practice

What does a general reserve indicate in partnership accounting before admitting a partner?

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

What does a general reserve in...

Single Answer MCQ
Q-00082184

What does a general reserve indicate in partnership accounting before admitting a partner?

1

Future liabilities

2

Excess profits retained in the business

3

Funds set aside for new expenses

4

Unused capital

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