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  3. 12th Class
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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
    X, Y and Z are sharing profits and losses in the ratio of 5:3:2. They have decided to share future profits in the ratio of 2:3:5. At the time of reconstitution of partnership firm there was Investment Fluctuation Reserve Rs.4,000 and Short term Investment Rs.20,000 (Market value Rs.19,000). How much amount of reserve is to be credited to Z?

    A) 1,500

    B) 900

    C) 600

    D) 1,000

    Correct Answer: C

    Solution :

    600


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