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
SK and PK were partners in a firm sharing profits in 3:2 ratio. From 1st April 2021, they decided to change it to 3:1, For this purpose the goodwill of the firm was valued at Rs.1,20,000. PK's Capital Account will be: