Change in Profit Sharing Ratio Among Existing Partner
12th Class
Accountancy
Change in Profit Sharing Ratio Among Existing Partner
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MCQs - Change in Profit-Sharing Ratio Among Existing Partners
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Ankit, Unnati and Aryan are partners sharing profits in the ratio of 5:3:2. They decided to share future profits in the ratio of 2:3:5 with effect from 1st April 2021. They had the following balance in their Balance Sheet. Profit and Loss Account (Dr.) 60,500. Aryan's Capital Account will be: