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
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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.
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