Give two circumstances in which the sacrificing ratio is applied. (i) At the time of admission of a new partner for distributing goodwill brought in b

Question

Give two circumstances in which the sacrificing ratio is applied. (i) At the time of admission of a new partner for distributing goodwill brought in b

Give two circumstances in which the sacrificing ratio is applied.
(i) At the time of admission of a new partner for distributing goodwill brought in by him.
(ii) For adjusting goodwill in the case of change in the porfit-sharing ratio of the existing partners.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Related Questions

At the time of admission of a new partner, new porfit-sharing ratio is determined. New or incoming partner acquires the share from old partners and as

2 Answers 6 Views

Law does not provide that at the time of admission of a partner assets be revalued and liabilities reassessed. Why are the assets revalued and liabili

2 Answers 8 Views

State the two main rights that a newly admitted partner acquires in the firm. Or State the rights acquried by a newly admitted partner.

2 Answers 5 Views

A, B, C and D were partners in a firm sharing profits in the ratio of 4 : 3 : 2 : 1. On 1st January, 2015, they admitted E as a new partner for 1/10 s

2 Answers 5 Views

A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admited D as a new partner for 1/8th share in the profits, which he

2 Answers 6 Views

Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of

2 Answers 5 Views

A and B are partners sharing profits in the ratio of 3 : 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3 : 2. Fi

2 Answers 5 Views

M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R w

2 Answers 5 Views

Sleeping partner, Quasi partner, Co-parcener, Sub-partner.

2 Answers 5 Views

Nominal partner, Active partner, Dormant partner, Minor as a partner.

2 Answers 4 Views

Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

(i) At the time of admission of a new partner for distributing goodwill brought in by him.
(ii) For adjusting goodwill in the case of change in the porfit-sharing ratio of the existing partners.

4 views Answered 2023-02-05 15:29