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RP
Question Practice

How is the new profit sharing ratio established when partners change their relative shares?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

How is the new profit sharing ...

Single Answer MCQ
Q-00082118

How is the new profit sharing ratio established when partners change their relative shares?

1

By averaging the old and new shares

2

By combining or redistributing existing shares

3

By maintaining status quo

4

By calculating each partner’s initial contribution

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