Change in Profi...

What adjustments are required when existing partners decide to change their profit sharing ratio:

Why do existing partners change their profit sharing ratio:

The significance of calculating sacrificing ratio:

A, B and C are sharing profits and losses in the ratio 10:6:4 with effect from 01/04/2013 they decide to share profit and losses equally. Which partner has to sacrifice

X, Y and Z are sharing profits in the ratio of 50%; 40% and 10% respectively. Now, they have decided to share future profits equally. Identify the gainer partner.

X,Y and Z shared profits and losses in the ratio of 3:2:1 respectively. With effect from 1st April 2012 they agreed to share profits equally. The goodwill of the firm was valued at ₹18000.What will be the entry when goodwill A/c is adjusted

X, Y and Z are partners in a firm sharing profits in 3 : 2 : 1 ratio. They decided to share profits equally with effect from April 1, 2003. For this purpose, the goodwill of the firm has been valued at Rs. 3,00,000. Calculate the amount of gain or sacrifice of each partner.

The reserves and accumulated profits and losses are transferred to Partner’s capital account in their _____ ratio

Investment Fluctuation Reserve is one kind of reserve created for adjustment of

The partner whose share has increased as a result of change is called