Admission of a ...

Profit or loss on revaluation of assets and liabilities is transferred to __________.

To which account is accumulated balances of profit and loss account and general reserve account are transferred at the time of admission of a partner?

Decreased in liability at the time of retirement of a partner is _________.

Decrease in assets at the time if retirement of a partner is ________.

A company purchased a new Plant and Machinery worth $$RS. 1$$ crore from $$XYZ$$ Associates and issued him $$1100000$$ equity shares of $$Rs. 10$$ each. The excess of consideration over and above the purchase price will be treated as ___________.

How are unrecorded assets treated at the time of retirements of  partners?

Increase in liability at the time of retirement of a partner is _________.

On death of a partner, the representative of the deceased partner are entitled to share profit from _________.

___________ account is opened for revaluation of assets and liabilities at the time of admission of a partner into a firm.

The amount which a new partner pays for the sacrifice made by other partners is called _______.