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In case of change in profit sharing ratio among the existing partners who will compensate the existing partners:
  • a)
    Gaining partner shall compensate
  • b)
    Sacrificing partner shall compensate
  • c)
    Only one partner
  • d)
    All Partner’s shall compensate
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In case of change in profit sharing ratio among the existing partners ...
Whenever there is change in the existing profit sharing ratio, a gainer partner will compensate the sacrificing partner, for this purpose these steps should be followed by the partners:
1.Find out the Gainer due to change in existing profit sharing ratio
2.Find out the Sacrificing partner
3.Now, Debit the gainer partner and credit the sacrificing partner
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Most Upvoted Answer
In case of change in profit sharing ratio among the existing partners ...
Because jo gaining partner hai woh aapny share m say sacrificing partner ko dengy...jitnaa ratio aay ga
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Community Answer
In case of change in profit sharing ratio among the existing partners ...
A
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In case of change in profit sharing ratio among the existing partners who will compensate the existing partners:a)Gaining partner shall compensateb)Sacrificing partner shall compensatec)Only one partnerd)All Partner’s shall compensateCorrect answer is option 'A'. Can you explain this answer?
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