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

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

In the event of a 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

Correct Answer

C. Old profit-sharing ratio