In case of undistributed accumulated losses whose account should be debited ........

General Accounting Principles Partnership

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In case of undistributed accumulated losses whose account should be debited

New partner’s A/c

Old partner’s Capital A/c

Gaining Partner’s A/c

Goodwill A/c

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Explanation:

At the time of admission of a new partner, all accumulated profits and losses should be distributed among the old partners in their old profit sharing ratio. Accumulated losses given in the assets side of the balance sheet should also be written off to he old partners in the old ratio. Hence the old partners capital accounts are to be debited to write off the accumulated losses in the balance sheet.