Identify the suitable rule for ascertaining sacrifice of old partners on admission of a new partner? a. Old Share – New Share | O b. Old Share - Gain O c. New Share – Sacrifice d. New share – Old share -

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Identify the suitable rule for
ascertaining sacrifice of old
partners on admission of a
new partner?
O a. Old Share - New Share
O b. Old Share - Gain
O c. New Share – Sacrifice
O d. New share - Old share
Transcribed Image Text:Identify the suitable rule for ascertaining sacrifice of old partners on admission of a new partner? O a. Old Share - New Share O b. Old Share - Gain O c. New Share – Sacrifice O d. New share - Old share
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