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 Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2022, they agreed to share profits equally. The goodwill of the firm was valued at Rs. 18,000. Pass necessary Journal entries to record the above change. October 18, 2022 State the ratio in which the partners share profits or losses on revaluation of assets and liabilities, when there is a change in profit sharing ratio amongst existing partners? September 26, 2022 Define Gaining Ratio? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2022, they agreed to share profits equally. The goodwill of the firm was valued at Rs. 18,000. Pass necessary Journal entries to record the above change. October 18, 2022
State the ratio in which the partners share profits or losses on revaluation of assets and liabilities, when there is a change in profit sharing ratio amongst existing partners? September 26, 2022