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RP
Question Practice

What is the impact of a partner's retirement on the general reserve accounts?

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 is the impact of a partne...

Single Answer MCQ
Q-00082286

What is the impact of a partner's retirement on the general reserve accounts?

1

There is no impact

2

Increases equity

3

Decreases liabilities

4

Should be transferred to capital accounts

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Q4.

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