In admission, profit from revaluation of assets and liabilities will be transferred to the capital accounts of the old partners in the Options: A . &nbspOld profit sharing ratio B . &nbspSacrifice ratio C . &nbspNew profit sharing ratio D . &nbspNone of these

In admission, profit from revaluation of assets and liabilities will be transfe

Question

In admission, profit from revaluation of assets and liabilities will be transferred to the capital accounts of the old partners in the

Options:

A . Old profit sharing ratio

B . Sacrifice ratio

C . New profit sharing ratio

D . None of these

Answer: Option A

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Question 1. At the time of admission, when goodwill is raised, the old partners capital account will be credited in the ________ ra....partners capital account will be credited in the ________ ratio

Question 2. The capital accounts of partners may be ________ or fluctuating....

Question 3. Indian Partnership Act was enacted in the year ________....

Question 4. If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’ of the partners A and B....

Question 5. In the absence of an agreement profits and losses are divided....

Question 6. Under fixed capital method salary payable to a partner is recorded....

Question 7. The minimum number of persons in a partnership firm is....

Question 8. The excess of average profit over normal profit is ________....

Question 9. A partnership can be formed only for a ________ business....

Question 10. A, B and C are in partnership for several years and sharing profits and losses in the ratio 3 : 3 : 2....

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