Skip to content

Practice question

Question

A and B are partners in a firm sharing profit and losses 2 : 3 with effect from 1st April, 2021, they decided to share profits and loss equally. What will be B’s gain/sacrifice?

Options

Choose one · Correct answer highlighted

Explanation

Sacrifice 1/10 financial statements correct; Schedule III format Companies Act 2013.

Discussion

Comments

0 comments

No comments yet. Be the first to start the discussion.