At the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C) Post category:Accountancy Reading time:1 mins read SOLUTION Profit-sharing ratio of the remaining partners is decided as per the mutual agreement among the remaining partners. 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 PostP, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R Rs. 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R. (CBSE 2019) Next PostIn which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C) You Might Also Like Give any two points of distinction between shareholders and debentureholders. September 29, 2022 R Ltd. purchased the assets of S Ltd. for Rs. 5,00,000. It also agreed to take over the liabilities of S Ltd. amounted to Rs. 2,00,000 for a purchase consideration of Rs. 2,80,000. The payment of S Ltd. was made by issue of 9% Debentures of Rs. 100 each at par. Pass necessary journal entries in the books of R Ltd. July 16, 2022 How will you assess the liquidity or short-term financial position of a business? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
R Ltd. purchased the assets of S Ltd. for Rs. 5,00,000. It also agreed to take over the liabilities of S Ltd. amounted to Rs. 2,00,000 for a purchase consideration of Rs. 2,80,000. The payment of S Ltd. was made by issue of 9% Debentures of Rs. 100 each at par. Pass necessary journal entries in the books of R Ltd. July 16, 2022