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प्रश्न
Answer in one sentence only.
How would you treat General Reserve on retirement of a partner?
एका वाक्यात उत्तर
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उत्तर
The amount of general reserve is transferred to the capital accounts of all the partners in their profit sharing ratio. This is done to give the retiring partner his amount of share in the accumulated profits of the firm. Hence, All Partners’ Capital Accounts are credited with their respective shares.
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