Where is the accumulated profit as per the balance sheet is shown at the time of the reconstruction of a partnership firm ?(A) Credit side of revaluation account(B) Credit side of profit-loss appropriation account(C) Credit side of partners’ capital account(D) Debit side of partners’ capital account

Where is the accumulated profit as per the balance sheet is shown at t

1.	Where is the accumulated profit as per the balance sheet is shown at the time of the reconstruction of a partnership firm ?(A) Credit side of revaluation account(B) Credit side of profit-loss appropriation account(C) Credit side of partners’ capital account(D) Debit side of partners’ capital account
Answer» Correct option is (C) Credit side of partners’ capital account