Accountancy > Accounting For Partnership Firms > Change In Profit Sharing Ratio
Success Rate: 0%
Single Question
(a) G, M and R were partners in a firm sharing profits in the ratio of 7 : 2 : 1. With effect from 1st April, 2023, they decided to share future profits in the ratio of 3 : 2 : 1. Due to the change in profit sharing ratio, R gained 1/15 in the profits. For this gain R was debited with ₹ 20,000 for his share of goodwill. The value of goodwill of the firm was:
Current Question
Attempts0/3
StatusNot Answered
Ready to Answer! 🚀
Community Stats
Active Learners30
Questions Attempted597
Community Success Rate70%
Track Your Progress
Sign up to save your practice progress, add favorites, and get personalized insights.
Edvaya Target
Practice Questions & Mock Tests
Improve your problem-solving skills with our extensive collection of practice questions including PYQs, NCERT Textbooks, NCERT Exemplars and Mock Tests. Get instant feedback and detailed solutions to enhance your preparation.
