In the event of death of a partner, the accumulated profits and losses are shared by the partners in their:
A. Old Profit-sharing Ratio
B. New Profit-sharing Ratio
C. Capital Ratio
D. None of these
Answer:A
In the event of death of a partner, the accumulated profits and losses are shared by the partners in their:
A. Old Profit-sharing Ratio B. New Profit-sharing Ratio C. Capital Ratio D. None of these