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
A, B and C are sharing profits in the ratio of 1:1:1. They decided to share profits in the ratio of 2:3:5. On this date balance sheet of the firm showed a debit balance of Rs. 1,20,000 in Profit and Loss Account. B's Capital Account will be: