Accountancy, asked by rajesh99144, 5 months ago

new and gainging ratio between continue partners are always the same​

Answers

Answered by varshakumari452
1

Answer:

There are different cases when partnership can have new profit sharing ratio:

Sometimes the partners may decide to change their existing profit sharing ratio, without any admission or retirement of partner,

At the time of admission of the new partner

At the time of retirement or death of an old partner

Explanation:

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