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On the admission of a new partner, the undistributed profits shown in the
English
Reconstitution of Partnership Firm: Admission of a Partner
Question
Updated
19 Aug 2026
On the admission of a new partner, the undistributed profits shown in the balance sheet of old firm will be transferred to capital accounts:
A
Choose Your Answer
A
In old capital ratio among old partners
B
In old profit sharing ratio among old partners
C
In new profit sharing ratio among all partners
D
None of these
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