Existing Profit and Loss Account in the books of the firm will be shared/borne by partners in the ratio: Option 1: 5 : 3 : 2 Option 2: Equal Ratio Option 3: 4 : 3 : 2 Option 4: Ratio of closing capital claims

The answer is '5 : 3 : 2'. View full solution:

CUET Accountancy - Existing Profit and Loss Account in the books of the firm will be shared/borne by partners in the ratio: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

5 : 3 : 2

Equal Ratio

4 : 3 : 2

Ratio of closing capital claims

✅ Correct Option: 1

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While settlement of Accounts, what should be the order of application of assets of Firm

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Choose the correct answer from the options given below:

CUET Accountancy PYQs

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