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Aman and Akbar are partners sharing profits in the ratio of 3 : 2. They changed their profit sharing ratio to 2 : 3 w.e.f 1st April, 2023. The Balance Sheet as on the date of change in profit sharing ratio showed credit balance in Profit & Loss Account of ₹ 1,00,000, which the partners decide to carry forward and not distribute. The balance of ₹ 1,00,000 will be adjusted by

a) Crediting Amar’s Capital Account and Debiting Akbar’s Capital Account by ₹ 1,00,000

b) Crediting Amar’s Capital Account and Debiting Akbar’s Capital Account by ₹ 20,000

c) Debiting Amar’s Capital Account and Crediting Akabar’s Capital Account by ₹ 1,00,000

d) Debiting Amar’s Capital Account and Crediting Akabar’s Capital Account by ₹ 20,000

Anurag Pathak Changed status to publish May 5, 2023
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