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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationExpert

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A new partner is admitted. Revaluation profit is ₹48000 and old partners old ratio is 5:3. How will the profit be shared?

Answer and explanation

Correct answer: ₹30000 and ₹18000

Revaluation profit is distributed among old partners in the old profit sharing ratio. Divide ₹48000 in 5:3.

Related tags

Profit Distribution Old Ratio Numerical Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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