12th Class Accountancy Change in Profit Sharing Ratio Among Existing Partner Question Bank MCQs - Change in Profit-Sharing Ratio Among Existing Partners

Match the followings:

(i) Old Ratio New Ratio (a) Gaining Ratio

(ii) New Ratio old ratio (b) Nil

(iii) Goodwill appeared in balance sheet (c) Old ratio

(iv) Workmen compensation reserve 10,000; Workmen compensation claim 10,000 (d) Sacrificing Ratio

A) (i)-c; (ii)-a; (iii)-d; (iv)-b

B) (i)-b; (ii)-c; (iii)-d; (iv)-a

C) (i)-d; (ii)-a; (iii)-c; (iv)-b

D) (i)-c; (ii)-a; (iii)-b; (iv)-d

Correct Answer: C

Solution :

(i)-d; (ii)-a; (iii)-c; (iv)-b