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  5. 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
    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:

    A) Debited by Rs.30,250

    B) Debited by Rs.18,150

    C) Debited by Rs.60,500

    D) Debited by Rs.12,100

    Correct Answer: D

    Solution :

    Debited by Rs.12,100


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