2024 Slot 1 PYQs

If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner.

Which of the following would affect the Revaluation Account at the time of admission of a partner?

Anshu and Nitu are partners, sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.