Give two circumstances under which a partnership is dissolved. Post category:Accountancy Reading time:1 mins read SOLUTION (i) When there is a change in profit-sharing ratio of an existing partner. (ii) On admission / retirement or death of a partner 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 is meant by dissolution of partnership? Next PostOn dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid first of all. You Might Also Like A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022 Badal and Bijli were partners in a firm sharing profits in the ratio of 3 2. Their Balance Sheet as at 31st March, 2019 was as follows: November 4, 2022 What is Subscribed Capital? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022
Badal and Bijli were partners in a firm sharing profits in the ratio of 3 2. Their Balance Sheet as at 31st March, 2019 was as follows: November 4, 2022