Posted inAccountancy Change in Profit Sharing Ratio Class 12 A and B are partners in a firm sharing profits 10 :- A and B are partners in a firm sharing profits in the ratio of 2 : 1. They decided that with effect from 1st April 2024, they would…
Posted inAccountancy Change in Profit Sharing Ratio Class 12 X, Y and Z are partners sharing profits equally 7 :- X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, Firm’s goodwill is…