wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

At the time of retirement, if there are accumulated profits or losses, they should be transferred to the capital accounts of all partners in their ___


A

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Old Ratio

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

Gaining Ratio

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Sacrificing ratio

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B

Old Ratio


At the time of retirement, if there are accumulated profits or losses, they should be transferred to the capital accounts of all partners in their Old ratio.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Retirement of a Partner - II
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon