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When the general reserve is distributed …

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When the general reserve is distributed is the partners capital account debited or credited

    • Posted by Harpreet Ghuman 5 years, 5 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Sonu Chand 5 years, 5 months ago

    Debited in p&l appropriation a/c

    1Thank You

    Aaiman Farhin 5 years, 5 months ago

    Capital account is credited as liability of firm towards the partner has been increased

    1Thank You

    Prachi Tyagi 5 years, 5 months ago

    Debited

    1Thank You

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