On the retirement of a partner how is the profit-sharing ratio of remaining partners decided? Post category:Accountancy Reading time:1 mins read SOLUTION Profit sharing ratio of remaining partners is decided according to the mutual agreement among the remaining partners. 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 PostCan a retiring partner or Legal Representatives of a Deceased Partner claim a share in the subsequent profits of the firm. Next PostAt the time of retirement of a partner, state the condition when there is no need to compute the gaining ratio. You Might Also Like Under which accounting standard, Cash flow statement is prepared? October 4, 2022 From the following information, calculate Cash Flow from Investing Activities: August 18, 2022 Ram and Mohan, two partners, drew for their personal use Rs. 1,20,000 and Rs. 80,000. Interest is chargeable @ 6% p.a. on the drawings. What is the amount of interest chargeable from each partner? July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ram and Mohan, two partners, drew for their personal use Rs. 1,20,000 and Rs. 80,000. Interest is chargeable @ 6% p.a. on the drawings. What is the amount of interest chargeable from each partner? July 21, 2022