Question

In case of death of a partner, the amount of JLP received by the firm will be distributed _______ (a) To all the partners as per their old profit sharing ratio (b) To the continuing partners as per their new profit sharing ratio (c) To the continuing partners as per their sacrificing ratio (d) To the continuing partners as per their gaining ratio

Answer 1

In case of death of a partner, the amount of JLP received by the firm will be distributed to the continuing partners as per their new profit sharing ratio.

So, the answer is :-

[B] To the continuing partners as per their new profit sharing ratio ✓✓

Answer 2

Hello Friend

ans

Option.B

Thank you