Calculation of New Profit-Sharing Ratio and Sacrificing Ratio
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Admission of a Partner and Treatment of Goodwill
Goodwill/Premium for Goodwill is brought in Cash by the New Partner and Retained in the Business
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When Premium for Goodwill is brought in by New or Incoming Partner and is withdrawn by Old Partners Fully or Partly
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When only part of Premium for Goodwill is brought by New Partner in Cash
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When new or incoming partner is not able to bring his share of Premium for Goodwill
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Hidden Goodwill
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Miscellanoeus
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Revaluation of Assets and Reassessment of Liabilities
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Reserves and Accumulated Profits/Losses and Preparation of Revaluation Account
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Preparation of Capital Accounts and Balance Sheet
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Adjustments of the Old Patner’s Capitals on the Basis of New or Incoming Partner’s Capital
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When the New Partner is required to bring Proportionate Capital
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When New Partner has to bring Capital on the basis of Combined Capitals of Old Partners
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