At the time of admission if the profit sharing ratio among the old partner does not change then sacrificing ratio will be Options: A . &nbspEqual B . &nbspAccording to the contribution of capital C . &nbspTheir old profit sharing ratio D . &nbspAccording to new partner

At the time of admission if the profit sharing ratio among the old partner does

Question

At the time of admission if the profit sharing ratio among the old partner does not change then sacrificing ratio will be

Options:

A . Equal

B . According to the contribution of capital

C . Their old profit sharing ratio

D . According to new partner

Answer: Option C

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Question 1. What is the formula of sacrificing ratio....

Question 2. At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transfer....of the old firm is transferred to capital Account of

Question 3. On the admission of a new partner increase in the value of assets is debited to....

Question 4. A, B and C are partners in a Firm....

Question 5. At the time of admission of a partner , general reserve appearing in the old Balance sheet is transferred to....

Question 6. When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are recorded at....

Question 7. On admission of a new partner balance of General Reserve Account should be transferred to the capital account of....

Question 8. At the time of admission of a new partner, ________ of assets and liabilities should be taken up....

Question 9. _________ ratio is computed at the time of admission of a new partner....

Question 10. The old partners share all the accumulated profits and reserves in their....

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