Change in Profi...

Vinod and Pandey are partners sharing profits in the ratio of 7:3 respectively. On 1.4.2015 they have decided to change their profit sharing ratio to 6:4. Calculate sacrifice/gain of Vinod.

What is the meaning of change in the profit sharing ratio:

In case of change in profit sharing ratio among the existing partners who will compensate the existing partners:

Any change in the relations of partners without affecting the existing of partnership firm is called ____

Which of the following is responsible for the Reconstitution of Partnership?

Goodwill of the firm is 30,000. Gain of A is 1/6 and Sacrifice of B is 1/6. How will be adjust goodwill?

________ ratio in which the partners share all the accumulated profits, reserves, losses and fictitious assets in case of reconstitution of partnership firm

L, M and N are sharing profits and losses in the ratio of 5:3:2. If they all decide to share equally. Then who will sacrifice his share

How sacrificing ratio is calculated

The circumstances when change in profit sharing ratio is needed:

When there is a change in the profit sharing ratio, what entry will be passed  to make adjustment for goodwill in case the partner's capital are fixed:

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

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

Who is a sacrificing partner:

What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:

What is gaining ratio:

X, Y and Z are sharing profits and losses in the ratio of 5:3:2. Who will be debited and who will be credited, when they have decided to share profits equally in future?