Admission of a ...

When a new partner is admitted he acquires his share of profits from the old partners , this will ____ the old partner’s shares in profits:

__________ means good name, good reputation earned by a firm through the hard work and honesty of its owners

A and B are partners sharing profits in the ratio of 3:2. They admitted C as a new partner for 1/5 share in the future profits of the firm. Calculate new profit sharing ratio of A, B and C

Which of the following is not an example of Reconstitution of partnership firm?

Out of the following, which is the main right of a partner?

Why new profit ratio is determined even for old partners?

If new partner is unable to bring in his share of goodwill , How will you deal

Sacrifice ratio is used only for

Is admission of a new partner a reconstitution of partnership firm:

Goodwill Given in the old Balance Sheet will be:

Why a new partner is admitted in the firm?

Ram, Ramesh and Rajesh are partners in a business sharing profits and losses in the ratio 3:2:1. Rajesh retires and both the existing partners agree to share profits in the ratio 2:1 .Later Rajesh requests the other partners that his physically challenged son should be inducted as a partner in his place. After discussing it amongst themselves both the partners, Ram and Ramesh agree to take his son as a partner. Identify the values which should have been incorporated while formulating partnership

The amount of goodwill brought in by the new partner is shared by the ____ partners in their ____ ratio

DK and SK are partners sharing profits in the ratio of 4:1. They admit PK as a new partner for 1/4th share in future profits, which he wholly acquired form DK. Find out new ratio.

How will you calculate sacrificing ratio