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 sharing profits in the ratio of 5:3:2. They decided to share future profits in the ratio of 2:3:5. Investment Fluctuation Reserve of Rs.4,000 was available at the time of change in profit sharing ratio, when investment (market value Rs. 19,000) appears at Rs.20,000. Y's Capital Account will be: