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X, Y and Z were in partnership sharing p...

X, Y and Z were in partnership sharing prifits in the ratio `4:3:1.` The partners agreed to share future profits in the ratio `5:4:3.` Each partner's gain or sacrifice due to change in ratio will be :

A

X Sacrifice `(2)/(24),` Y Sacrifice `(1)/(24),` Z Gain `(3)/(24)`

B

X Gain `(1)/(30),Y` Nil, Z Scarifice `(1)/(30)`

C

X Sacrifice `(2)/(24),` Y Sacrifice `(2)/(24),` Z Gain `(3)/(24)`

D

X Sacrifice `(2)/(24),` Y Gain `(3)/(24),` Sacrifice `(1)/(24)`

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The correct Answer is:
A
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DK GOEL-CHANGE IN PROFIT SHARING RATIO AMONG THE EXISTING PARTNERS -HOTS
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  2. The excess amount which the firm can get on selling its assets over an...

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  3. Which of the following is NOT true in relation to goodwill?

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  4. When Goodwill is not purchased goodwill account can :

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  5. The goodwill of the firm is NOT affected by:

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  7. Weighted average method of calculating goodwill is used when:

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