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Question
In case of change in profit sharing ratio among existing partners:
| (i) | General Reserve will be distributed in | (a) | Sacrificing/Gaining Ratio |
| (ii) | Advertisement Suspense will be debited to Partners' Capital A/cs in | (b) | Old Ratio |
| (iii) | Goodwill valued will be adjusted in | (c) | New Ratio |
Match the Columns
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Solution
| (i) | General Reserve will be distributed in | (b) | Old Ratio |
| (ii) | Advertisement Suspense will be debited to Partners' Capital A/cs in | (b) | Old Ratio |
| (iii) | Goodwill valued will be adjusted in | (a) | Sacrificing/Gaining Ratio |
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