πŸ“Š Financial Accounts
Q. Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet
  • (A) Will not be distributed amongst partners
  • (B) Will be distributed amongst partners as per their P/L sharing ratio
  • (C) Will be distributed amongst partners in context to each partner's capital
  • (D) Will be distributed equally amongst partners
πŸ’¬ Discuss
βœ… Correct Answer: (B) Will be distributed amongst partners as per their P/L sharing ratio

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