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Question

After transferring the general reserve to partners' capital account, will it be shown in the balance sheet?


A

No, it will not be shown in the balance sheet.

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B

Can't say

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C

Yes, it will be shown in the balance sheet

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D

None of these

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Solution

The correct option is A

No, it will not be shown in the balance sheet.


After transferring the general reserve to partners' capital account, it will be removed from the balance sheet.


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