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Can you explain the answer of this question below:
What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:
  • A:
    Amount of compensation = Value’s of firm goodwill x share of loss sacrificed
  • B:
    Amount of compensation = Value’s of firm goodwill x share of profit sacrificed
  • C:
    Amount of compensation = Profit of the year x share of profit gained
  • D:
    Amount of compensation = Value’s of firm goodwill x share of profit gained
The answer is B.
Most Upvoted Answer
Can you explain the answer of this question below:What should be the a...
This is bcoz compensation is given only to the partner who sacrificed his share for other partners,so he will get compensation for his sacrificing share
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Can you explain the answer of this question below:What should be the a...
The amount of compensation will be equal to the proportionate amount of goodwill. The valuation of goodwill of a firm, its treatment and adjustment is required at the time of change in existing profit sharing ratio among the partners.
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Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B..
Solutions for Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. defined & explained in the simplest way possible. Besides giving the explanation of Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B., a detailed solution for Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. has been provided alongside types of Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. theory, EduRev gives you an ample number of questions to practice Can you explain the answer of this question below:What should be the amount of compensation if the partners of the firm decide to change their profit share ratio:A:Amount of compensation = Value’s of firm goodwill x share of loss sacrificedB:Amount of compensation = Value’s of firm goodwill x share of profit sacrificedC:Amount of compensation = Profit of the year x share of profit gainedD:Amount of compensation = Value’s of firm goodwill x share of profit gainedThe answer is B. tests, examples and also practice Commerce tests.
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