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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
    X, Y and Z are sharing profits in the ratio of 1:1:1. They decided to share profits in the ratio of 2:3:5. The goodwill of the firm was valued at Rs.3,60,000. Z's Capital Account will be:

    A) Credited by 48,000

    B) Credited by 12,000

    C) Credited by 1,20,000

    D) Debited by 60,000

    Correct Answer: D

    Solution :

    Debited by 60,000


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