State with reason whether at the time of Admission of a Partner, partnership is dissolved or partnership firm is dissolved. (A1 2013) Post category:Accountancy Reading time:1 mins read SOLUTION Partnership is dissolved not the partnership firm since the firm continues to carry on its business. 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 the effect of admission of a new partner on Partnership? Next PostState any one right acquired by a newly admitted partner. (CBSE 2020 C) You Might Also Like Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022 When there is change in the profit-sharing ratio amongst existing partners, does it require adjustment for goodwill? September 26, 2022 Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022
When there is change in the profit-sharing ratio amongst existing partners, does it require adjustment for goodwill? September 26, 2022
Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022