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  3. 12th Class
  4. Accountancy
  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
    Which of the following statement is not correct?

    A) Change in profit sharing ratio leads to dissolution of partnership and not the firm.

    B) Sacrificed Share = Old Share – New Share 

    C) Gain Share = New Share – Old Share

    D) Self-generated goodwill is shown in the assets side of Balance Sheet

    Correct Answer: D

    Solution :

    Self-generated goodwill is shown in the assets side of Balance Sheet


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