CUET Preparation Today
Arrange the following steps in the correct sequence after admission of a new partner: (A) Revaluation of Assets and Liabilities (B) Calculation of New Profit Sharing Ratio and Sacrificing Ratio (C) Preparation of Balance Sheet (D) Distribution of Accumulated Profits and Reserves in the capital accounts |
(A), (C), (B), (D) (B), (A), (D), (C) (B), (C), (D), (A) (C), (B), (A), (D) |
(B), (A), (D), (C) |
The correct answer is Option (2) → (B), (A), (D), (C) |
