Change in profit sharing ratio

Q.1 ASSERTION- General reserve is shown in new Balance Sheet.

REASON- it is not distributed between partners.
(a) Both A & R correct.
(b) A is correct but R is not correct.
(c) A is not correct but R is correct.
(d) Both A & R is incorrect.
Answer- A
Q.2 ASSERTION- Workmen compensation reserve is shown in Debit side of Revaluation
account.
REASON- Amount of workmen compensation reserve is more than claim.
(a) Both A & R correct.
(b) A correct but R is incorrect.
(c) A is incorrect but R is correct.
(d) Both A & R are incorrect.
Answer- B