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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
    Red Blue and White were sharing profits in the ratio of 1:2:2. They decided to share future profits in the ratio of 7:5:3 with effect from 1st April 2021. On that date, their Balance Sheet showed balance in Deferred Revenue Expenditure Account of Rs. 22,500. The amount will be debited to the partners' capital account as:

    A) 7,500; 7,500 and 7,500

    B) 4,500; 9,000 and 9,000

    C) 10,500; 7,500 and 4,500 

    D) 11,250; Nil and 11,250

    Correct Answer: B

    Solution :

    4,500; 9,000 and 9,000


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