Accountancy, asked by babitaanoop9, 7 months ago

0.13) In case of change in profit-sharing ratio, the gaining partner must compensate the sacrificing
partners by paying the proportional amount of
(a) capital
(b) cash
(c) goodwill
(d) none of the above

Answers

Answered by shishir303

The Correct answer is...

(c) goodwill

► In case of change in profit-sharing ratio, the gaining partner must compensate the sacrificing partners by paying the proportional amount of goodwill.

Explanation:

At the time of the reconstitution of a firm, Goodwill is also one of the special aspects which require adjustment. The gaining partner pays the sacrificing partner the proportionate share of goodwill which is equal to the share gained by him.

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