The difference between old profit sharing ratio and new profit sharing ratio at

Question

The difference between old profit sharing ratio and new profit sharing ratio at time of admission is ________ ratio

Options:

A . gaining

B . Sacrifice

C . agreed

D . None of these

Answer: Option B

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More Questions on This Topic :

Question 1. In admission, profit from revaluation of assets and liabilities will be transferred to the capital accounts of the old ....to the capital accounts of the old partners in the

Question 2. 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 3. The capital accounts of partners may be ________ or fluctuating....

Question 4. Indian Partnership Act was enacted in the year ________....

Question 5. If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’ of the partners A and B....

Question 6. In the absence of an agreement profits and losses are divided....

Question 7. Under fixed capital method salary payable to a partner is recorded....

Question 8. The minimum number of persons in a partnership firm is....

Question 9. The excess of average profit over normal profit is ________....

Question 10. A partnership can be formed only for a ________ business....

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