Reduction in liabilities during the admission of a new partner will be - O a. Deducted in the respective assets A/c O b. Added in the respective assets A/C O c. Added in the respective Liabilities A/C O d. Deducted in the respective Liabilities A/C Increase in liabilities during the admission of a new partner will be - O a. Added in the respective Liabilities A/C O b. Deducted in the respective assets A/C O c. Added in the respective assets A/C O d. Deducted in the respective Liabilities A/C