The account will be debited and the account will be credited when partners distributes general reserves at the time of dissolution.

capital reserves

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goodwill

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general reserve

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partner's capital

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Solution

The correct options are
C general reserve
D partner's capital
When the general reserve is distributed between the partners in their profit sharing ratio, the general reserve account will be debited and the partner's capital account will be credited.

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The account will be debited and the account will be credited when partners distributes general reserves at the time of dissolution.

The correct options are C general reserve D partner's capitalWhen the general reserve is distributed between the partners in their profit sharing ratio, the general reserve account will be debited and the partner's capital account will be credited.

The correct options are
C general reserve
D partner's capital
When the general reserve is distributed between the partners in their profit sharing ratio, the general reserve account will be debited and the partner's capital account will be credited.