SOLUTION
Profit on Revaluation will be shared by the three partners in their old profit-sharing ratio.
Ramesh wants to retire from the firm. The profit on revaluation on that date Was Rs. 12,000. Mohan and Rahul want to share this in their new profit-sharing ratio 3: 2. Ramesh wants this shared equally. How is this profit to be shared?
- Post category:Accountancy
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