State two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. Post category:Accountancy Reading time:1 mins read SOLUTION (i) On Time Basis (ii) On Sales Basis. 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 PostWhat journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? Next PostWhy is Gaining Ratio calculated? You Might Also Like A and B were partners in a firm sharing profits and losses in die ratio of 4: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 2. A surrendered 1 / 4 of his share in favour of C. Calculate B*s sacrifice.(C.B.S.E 2017, Delhi)’ September 26, 2022 What is meant by “Unlimited Liability of a Partner”? September 23, 2022 While preparing a Cash Flow Statement, ‘Payment of bonus to the employees’ by an insurance company is which type of activity? (C.B.S.E. 2015) October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B were partners in a firm sharing profits and losses in die ratio of 4: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 2. A surrendered 1 / 4 of his share in favour of C. Calculate B*s sacrifice.(C.B.S.E 2017, Delhi)’ September 26, 2022
While preparing a Cash Flow Statement, ‘Payment of bonus to the employees’ by an insurance company is which type of activity? (C.B.S.E. 2015) October 4, 2022