In which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C) Post category:Accountancy Reading time:1 mins read SOLUTION The remaining partners acquire the share of profit of retiring partner in their gaining ratio. 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 PostAt the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C) Next PostWhy does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) You Might Also Like List any two items of operating activities that are typical of and pertaining to Hotel Industry. October 6, 2022 There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The Creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive? July 26, 2022 A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. B retired and the new profit-sharing ratio between A and C was 2 : 1. On B’s retirement, the goodwill of the firm was valued at Rs. 90,000. Pass necessary Journal entry for the treatment of goodwill on B’s retirement. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
List any two items of operating activities that are typical of and pertaining to Hotel Industry. October 6, 2022
There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The Creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive? July 26, 2022
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. B retired and the new profit-sharing ratio between A and C was 2 : 1. On B’s retirement, the goodwill of the firm was valued at Rs. 90,000. Pass necessary Journal entry for the treatment of goodwill on B’s retirement. August 3, 2022