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 Twitter Opens in a new window Facebook Opens in a new window Google+ 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 In case the partners’ capitals are fixed, in which account withdrawal of capital is recorded? (C.B.S.E. 2020) October 7, 2022 What is meant by Super Profits? September 26, 2022 A, B and C are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2019 stood as follows: July 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In case the partners’ capitals are fixed, in which account withdrawal of capital is recorded? (C.B.S.E. 2020) October 7, 2022
A, B and C are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2019 stood as follows: July 27, 2022