Millionaire Mode

Accounting and Finance for Bankers - 3 (JAIIB)

Question 1 of 120

The debit balance of profit and loss account should be

  1. debited to old and new partners in the profit sharing ratio
  2. debited to new partner only
  3. credited to old partners in old profit sharing ratio
  4. debited to old partners in the old profit sharing ratio

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000