On the retirement of a partner how is the profit-sharing ratio of remaining partners decided? Post category:Accountancy Reading time:1 mins read SOLUTION Profit sharing ratio of remaining partners is decided according to 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 PostCan a retiring partner or Legal Representatives of a Deceased Partner claim a share in the subsequent profits of the firm. Next PostAt the time of retirement of a partner, state the condition when there is no need to compute the gaining ratio. You Might Also Like Vijay Laxmi Ltd. invited applications for 10,000; 12% Debentures of Rs. 100 each at a premium of Rs. 70 per debenture. The full amount was payable on application. Applications were received for 13,500 debentures. Applications for 3,500 debentures were rejected and application money was refunded. Debentures were allotted to the remaining applications. July 16, 2022 A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D. July 29, 2022 What will be the impact of ‘Issue of shares against the purchase of fixed assets’ on a debt equity ratio of 1: 1? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Vijay Laxmi Ltd. invited applications for 10,000; 12% Debentures of Rs. 100 each at a premium of Rs. 70 per debenture. The full amount was payable on application. Applications were received for 13,500 debentures. Applications for 3,500 debentures were rejected and application money was refunded. Debentures were allotted to the remaining applications. July 16, 2022
A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D. July 29, 2022
What will be the impact of ‘Issue of shares against the purchase of fixed assets’ on a debt equity ratio of 1: 1? October 3, 2022