The accumulated surpluses and reserves are shared between partners in which ratio?

Capital ratio

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Profit sharing ratio

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Equally

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None of these

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Solution

The correct option is B
Profit sharing ratio

The accumulated surpluses and reserves are shared between partners in profit sharing ratio.

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Similar questions

Accumulated profit/losses & reserves are shared by the old partners in their :

State the ratio in which the partners share the accumulated profits when there is a change in the profit sharing ratio amongst existing partners.

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