CUET Accountancy 2023 11 June Shift 3 PYQs

In case of retirement, the profit and loss suspense account is closed by transferring the amount to the _________.

The old Profit Sharing ratio among M, N and P are 2:2:1. The New profit sharing ratio after N retirement is 3:2. The gaining ratio between M and P will be:

In the case of a re-constitution of a partnership firm, if the value of decrease in investment exceeds the Investment Fluctuation Fund, the :-