In which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C) Post category:Accountancy Reading time:1 mins read SOLUTION The remaining partners acquire the share of profit of retiring partner in their gaining ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostAt the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C) Next PostWhy does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) You Might Also Like A, B, C, and D are partners in a firm sharing profits as 4: 3: 2: 1 respectively. It earned a profit of Rs. 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2: 3: 2: 3. You are required to show appropriation of profits among the partners. July 21, 2022 What is indicated by High Inventory Turnover Ratio? October 3, 2022 Give one point of distinction between Reserve Capital and Capital Reserve. September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B, C, and D are partners in a firm sharing profits as 4: 3: 2: 1 respectively. It earned a profit of Rs. 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2: 3: 2: 3. You are required to show appropriation of profits among the partners. July 21, 2022