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 Give one point of distinction between Authorised Capital and Issued Capital. September 28, 2022 A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were Rs. 8,000 and Rs. 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings Rs. 8,000 as his capital and Rs. 6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Draft the journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future. August 1, 2022 What is the numerator to be used in Trade Receivables Turnover Ratio? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were Rs. 8,000 and Rs. 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings Rs. 8,000 as his capital and Rs. 6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Draft the journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future. August 1, 2022