Question

at the time of reconstruction of partnership which ratio is used to write off created g/w a/c​

Answer 1

Answer:

Sometimes the partners may decide to change their profit sharing ratio due to factors like change in their roles in the firm, change in their capital contribution ratio, etc. Any change in the old profit sharing ratio will amount to a reconstitution of the partnership firm.

For example, A, B, and C were partners in a firm sharing equal profits. Due to some reasons, C shifts to another city and is therefore unable to take part in the business actively. Thus, it is decided that now the new profit sharing ratio shall be 2:2:1. This amounts to the reconstitution of a firm.

Answer 2

Answer:

Explanation:

Admission , Retirement , Death of a partner are the factors lead to reconstitution of a partnership

Case 01

At the time of Admission of a partner

In the case of admission of a partner Goodwill appeared in the book of the firm will be written off by debiting to partners capital account in their profit sharing ratio

Case 02

At the time of Retirement & Death of a partner

In the case of Death & Retirement of a partner Goodwill appeared in the book of the firm will be written off by debiting to all partners capital account in their profit sharing ratio

Refer this solution also

https://brainly.in/textbook-solutions/gcert_elements-of-accounts-part-1-class-12-1?utm_source=textbooks&utm_medium=app&utm_campaign=sharing