Old profit sharing ratio minus new profit sharing ration is equal to:

Related MCQs

• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• For every debit there will be an equal credit according to
• If shares are bought back out of free reserves then a sum equal to nominal value of the shares so bought back is transferred to:
• Profit and loss account is a
• In profit and loss account, if credit is more than the debit, the difference is
• The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____
• Profit and loss is calculated at the stage of