Multiple Choice Questions on In case of change in profit sharing ratio the accumulated profits are distributed to the partners in........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

In case of change in profit sharing ratio the accumulated profits are distributed to the partners in...........

Accountancy (CUET) Fundamentals of Partnership
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    In case of change in profit-sharing ratio, the accumulated profits are distributed to the partners in

    new ratio
     

    Incorrect Answer

    old ratio
     

    Correct Answer

    sacrificing ratio
     

    Incorrect Answer

    equal ratio

    Incorrect Answer
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    Explanation:

    old ratio - The reserves are shared in the old ratio only as these are accumulated.

    By: NIHARIKA WALIA
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