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  3. 12th Class
  4. Accountancy
  5. Change in Profit Sharing Ratio Among Existing Partner

12th Class Accountancy Change in Profit Sharing Ratio Among Existing Partner Question Bank Case Based - Change in Profit-Sharing Ratio Among Existing Partners

  • question_answer
    When they do not want to distribute the General Reserve, identify the wrong statement:

    A) B's Capital Account will be debited by 20,000

    B) A's Capital Account will be credited with Rs. 5,000

    C) C's Capital Account will be credited with Rs. 15,000

    D) B's Capital Account will be credited with Rs. 20,000

    Correct Answer: D

    Solution :

    B's Capital Account will be credited with Rs. 20,000


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