During past adjustment, it is not compulsory that capital accounts of all partners are affected.

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Partially true

No worries! We‘ve got your back. Try BYJU‘S free classes today!

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
True

The statement is true.

Suggest Corrections

Similar questions

Which of the following capital accounts are affected due to adjustment after retirement in the total capital of the firm?

After the death of a partner, the balance in his capital account is transferred to executor's account. True or False.

Join BYJU'S Learning Program