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Question
Ram and Shyam are equal partners in a partnership. They decided to change their ratio as 2 : 1. On that date, general reserve appeared in the books as ₹ 30,000. What amount of reserve will be transferred to Shyam's Capital Account?
Options
₹ 5,000
₹ 10,000
₹ 15,000
₹ 20,000
MCQ
Solution
₹ 10,000
Explanation:
Amount of Reserve transferred to Shyam's capital
`= 30,000 xx 1/3 = "₹" 10,000`
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Nature of Partnership
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