In the event of change in profit -sharing ratio, General Reserve appearing in the Balance Sheet is transferred to Capital Accounts of partners in thei

Question

In the event of change in profit -sharing ratio, General Reserve appearing in the Balance Sheet is transferred to Capital Accounts of partners in thei

In the event of change in profit -sharing ratio, General Reserve appearing 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

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Related Questions

A,B and C are partners sharing profits in 2:2:1 ratio admitted D for `1//7` share which he acquired entirely from A. Calculate new profit sharing rati

2 Answers 4 Views

A,B and C were partners in a firm sharing profits in 3:3:2 ratio. They admitted D as a new partner for `4//7` profit D acquired his share `2//7` from

2 Answers 4 Views

Bharat and Bhushan are partners in a retail business. Balances in Capital and Current Accounts as on 31st March, 2019 were: `{:(,"Capital Account", "C

2 Answers 11 Views

In the event of change in profit-sharing ratio, Workmen Compensation Reserve appearing in the Balance Sheet is transferred to Capital Accounts of part

2 Answers 5 Views

At the time of change in profit-sharing ratio, sacrificing ratio is determined so that

2 Answers 4 Views

The event of getting a number less than or equal to 6 is a A) base event B) element C) possible event D) sure event

2 Answers 4 Views

The event of getting a number less than or equal to 6 is a A) base event B) element C) possible event D) sure event

2 Answers 5 Views

What amount of profit on reissue will be transferred to Capital Reserve under following situations? (i) 3,000 shares of Rs. 10 each of Rakesh were for

2 Answers 14 Views

Shubh Limited has the following balances appearing in its Balance Sheet: `{:("Securities Premium Reserve",,Rs.,"22,00,000"),("9% Debentures",,Rs.,"1,2

2 Answers 5 Views

State the accounts which are not considered while preparing the Trial Balance by Balance Method Accounts which do not show any balance are not conside

2 Answers 4 Views

Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Correct Answer - c
old profit -sharing ratio

4 views Answered 2023-02-05 15:29