The incoming partner is entitled to have any share in the undistributed profit & loss:...
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Accounting
The incoming partner is entitled to have any share in the undistributed profit & loss:
a.
May be
b.
Not at all
c.
Always
d.
Sometimes
_________________________________________________________________
Excess of credit side over the debit side of revaluation account is:
a.
Loss
b.
Gain
c.
Profit
d.
Expense
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