on 13 Which of the following rules apply/s in case of absence of partnership deed? -t red d out of a. No salaries and No interest on capital b. No salaries Only c. No interest on capital Only O d. None of the options on 14 Which is/are the adjustments necessary while admitting a new partner? d out of a. Transfer of Undistributed Profit or loss Only b. Both Transfer of Undistributed Profit or loss and Accumulated reserves c. Transfer of Accumulated reserves Only O d. None of the options are correct 12 = Old profit sharing ratio - New profit sharing ratio out of a. Sacrificing Ratio b. Revaluating Ratio C. None of the options d. New profit Sharing Ratio