Accumulated Profits/losses are transferred to the Capital Accounts of old partners in
Accumulated Profits/losses are transferred to the Capital Accounts of old partners in
a) New Profit sharing ratio
b) Old Profit sharing ratio
c) Capital Ratio
d) None of these
Anurag Pathak Changed status to publish May 30, 2023
Ans – b)
Explanation:-
Accumulated profits and losses are the part of the past profits and losses. It must be divided to old partners in Old ratio.
Anurag Pathak Changed status to publish May 30, 2023
