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Adjustment in Partner's Capital A/c

Which of the ...

Question

Which of the following is not the property of a partnership firm

A

Goodwill of the firm

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B

Ancestral property of a partner

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C

Property purchased by or for the firm

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D

All rights, liabilities originally brought into the stock of the firm

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Solution

The correct option is B Ancestral property of a partner
Option B is the correct answer.

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Adjustment in Partner's Capital A/c

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