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Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsSpecial Aspects of Partnership Accounts1 markvery short answer
CBSE 2023 · Region 3 · Set 3 · Q3
_______ is the basis of relationship between the partners to run the partnership business.ORAt the time of change in profit sharing ratio among existing partners, Reserves are transferred to Partners ' ' ' Capital Accounts in the following ratio :
OR
At the time of change in profit sharing ratio among existing partners, Reserves are transferred to Partners ' ' ' Capital Accounts in the following ratio :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (C)
Marking-scheme solution
Agreement
Q. At the time of change in profit ……
Ans. (c) Old profit-sharing ratio
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.