If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner. Option 1: debited to old partners' capital account Option 2: credited to all partners' capital accounts Option 3: credited to old partners' capital accounts Option 4: debited to all partners' capital accounts

The answer is 'credited to old partners' capital accounts'. View full solution:

CUET Accountancy - If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner. | PYQs + Solutions

CUET Accountancy

Partnership

Easy

debited to old partners' capital account

credited to all partners' capital accounts

credited to old partners' capital accounts

debited to all partners' capital accounts

✅ Correct Option: 3