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  5. Change in Profit Sharing Ratio Among Existing Partner

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

  • question_answer
    Yuvraj, Simran and Vinod are sharing profits in the ratio of 3:2:1. As per the new Agreement, Vinod Acquires 1/6th share from Yuvraj. What will be the new profit sharing ratio of the partners?

    A) 1:1:1

    B) 2:2:1 

    C) 3:2:1

    D) 2:3:1

    Correct Answer: A

    Solution :

    Self-generated goodwill is shown in the assets side of Balance Sheet


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