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
Yuvraj, Simran and Vinod are sharing profits in the ratio of 3:2:1. As per the new Agreement, Vinod Acquires 1/6th share from Yuvraj. What will be the new profit sharing ratio of the partners?
A)1:1:1
B)2:2:1
C)3:2:1
D)2:3:1
Correct Answer:
A
Solution :
Self-generated goodwill is shown in the assets side of Balance Sheet