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 ‘An enterprise may hold securities and loans for dealing or trading purposes in which case they are similar to inventory acquired specifically for resale’. Is the statement correct? Cash flows from such activities will be classified under which type of activity while preparing Cash Flow Statement? (C.B.S.E. 2016) October 6, 2022 State any three circumstances other than:-(i) admission of a new partner; (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise. September 26, 2022 Calculate Inventory Turnover Ratio from the data given Below: August 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
‘An enterprise may hold securities and loans for dealing or trading purposes in which case they are similar to inventory acquired specifically for resale’. Is the statement correct? Cash flows from such activities will be classified under which type of activity while preparing Cash Flow Statement? (C.B.S.E. 2016) October 6, 2022
State any three circumstances other than:-(i) admission of a new partner; (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise. September 26, 2022