Retirement or D...

General reserve, transferred to partners capital accounts in ___ ratio.

A new partner, along with other partners get ____________.

A retiring partner is liable for all acts of the firm __________.

On retirement of a partner, the existing balance of general reserve and accumulated profit is transferred to all the partners capital a/c in the ____________.

On admission of A, a new partner, the value of closing stock was brought down by Rs.6,500. The revaluation a/c will be ______.

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?

Interest allowed on the capital of partner is charged to ________.

To ascertain profit or loss on retirement / death of  a partner _____________ is prepared.

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

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