Question

At the time of admission of a partner, Employees Provident Fund is ?​

Answer 1

In case of admission of a partner Employee Provident Fund remains on the liabilities side of the new balance sheet. So Employee Provident Fund will be treated like any other liability and it will not be distributed among old partners in the old ratio.

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Answer 2

Answer:

In case of admission of a partner Employee Provident Fund remains on the liabilities side of the new balance sheet. So Employee Provident Fund will be treated like any other liability and it will not be distributed among old partners in the old ratio.

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