Question

general reserved will be distributed amoing the patner at the time of admission of new partner
a. old ratio
b. new ratio
c. equal
d. none of these ​

Answer 1

The general reserve is distributed among the partners in their old ratio. General reserves are nothing more than the profits the company had earned in previous years. Profits are shared to associates. Similarly, reserves are shared between partners as well

Answer 2

Answer:

The answer is a option B