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Old partners A and B share in 3:1. After admission of C the new ratio is 2:1:1. The second part loss of Memorandum Revaluation is ₹40000. In which ratio will it be shared?

Answer and explanation

Correct answer: A B and C in 2:1:1

The second part in memorandum method is shared among all partners in the new ratio. Its purpose is to retain original book values.

Related tags

MemorandumNew RatioLoss SharingAsset RevaluationReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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