Question

V) The Sacrifice of old partners is equal to :
a) New Share-Old Share
b) Old Share --New Share
c) Their old share
d) Their new share.
(vi) A New Partner may be admitted to a partnership firm.
a) With the consent of 2/3" of old partners.
b) With the consent of all old partners.
c) Without the consent of old partners.
d) With the consent of any one partner.
(ix) Revaluation account is also known as “Profit and Loss adjustment Accounť. (True/False )​

Answer 1

Answer:

5) option b

6) option c

Explanation:

true

Answer 2

options b and c are true ok

Explanation:

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