Accountancy, asked by 7275shivamyadav, 8 months ago

Que. 10- In the event of change in profit-sharing ratio, General reserve existing in the Balance Sheet is
transferred to Capital Accounts of partners in their

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Answered by VinayGulati

1

Answer:

In the event of change in profit-sharing ratio, General reserve existing in the Balance Sheet is

transferred to Capital Accounts of partners in their old ratio.

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