Question

in which ratio reserve fund distributed among partners capital account

Answer 1

old ratio is distributed and old partner

Answer 2

In old profit ratio reserve fund distributed among partners capital account.

Explanation:

• Dividend Equalisation Funds are stillreserve and can be distribute.
• After the distribution of the General Reserve in Partners' Capital Account, it will be removed from the balance sheet.
• At the time of admission of a prtner's, there reserves are distributed tothe parener's capital.