Question

A, B and C were partners in a firm sharing profits in the ratio of 1 : 2 : 2. On 1st July, 2025 A retired and the new profit sharing ratio of B and C was 3 : 2. Goodwill of the firm was valued at ₹ 4,00,000. Workmen Compensation Reserve appears in the books at ₹ 2,00,000 and there is a claim of ₹ 80,000 against it. Investment Fluctuation Reserve appears in the books at ₹ 1,00,000 when Investments (Market Value ₹ 6,00,000) appear at ₹ 10,00,000. Advertisement Suspense Account appears in the books at ₹ 50,000.

You are required to answer the following questions:

Advertisement Suspense Account: 

पर्याय

• Will be credited to all partners in old ratio

• Will be debited to B and C in 3 : 2

• Will be entirely debited to B

• Will be debited to all partners in old ratio

Answer 1

Will be debited to all partners in old ratio