Question

(ix) In case of change in profit sharing ratio. The accumulated profits are distributed to
the partners in :
(a) New Ratio
(b) Old Ratio
(c) Sacrificing Ratio
(d) Equal Ratio.​

Answer 1

Answer:

old ratio

Explanation:

Accumulated profits are distributed in old profit sharing ratio, at the time of change in profit sharing ratio amongst the existing partners. Ans. Revaluation profits or losses are distributed in old profit sharing ratio, at the time of change in profit sharing ratio amongst the existing partners