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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 - Reconstitution Of a Partnership Firm : Change in Profit Sharing Ratio

  • question_answer
    In the event of change in profit sharing ratio, general reserve existing in the balance sheet is transferred to capital accounts of partners in their:

    A) sacrificing ratio   

    B) gaining ratio

    C) old profit sharing ratio

    D) new profit sharing ratio

    Correct Answer: C

    Solution :

    [c] old profit sharing ratio


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