When accumulated reserve is transferred to partner’s capital account at the time of retirement. Then, we debit the account and credit the account.

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accumulated reserve

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partner's capital

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Solution

The correct options are
C accumulated reserve
D partner's capital
When all accumulated reserves transferred to partners capital account, then the partner's capital account will be credited, and accumulated reserves account will be debited in the old ratio.

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When accumulated reserve is transferred to partner’s capital account at the time of retirement. Then, we debit the account and credit the account.

The correct options are C accumulated reserve D partner's capitalWhen all accumulated reserves transferred to partners capital account, then the partner's capital account will be credited, and accumulated reserves account will be debited in the old ratio.

The correct options are
C accumulated reserve
D partner's capital
When all accumulated reserves transferred to partners capital account, then the partner's capital account will be credited, and accumulated reserves account will be debited in the old ratio.