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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 1 · Q2
is the basis of relationship between the partners to run the partnership business.
_______ is the basis of relationship between the partners to run the partnership business.
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
(a) → (B)
(b) → (C)
Marking-scheme solution
(b)
Agreement
OR
(ii)
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 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.