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
AK, GK and KK were sharing profits in the ratio of 5:3:2. From 1st April 2021, they decided to share the profits equally. Goodwill of the firm was valued Rs.2,40,000. For adjustment of Goodwill, KK's Capital Account will be: