Patnership Deed
This query is : Resolved
05 May 2010
HOW TO SHOW THE SHARE OF PROFIT OF RETIRING PARTNER GIVEN TO EXISTING PARTNER IN THE RETIREMENT DEED ie NEW SHARE OF THE EXISTING PARTNER.
06 May 2010
Retiring partners will discontinue. Existing partners shall distribute the 100% profit sharing ratio amongst themselves and can be written as follows:
The continuing partners shall distribute the profit or loss in the following manner
Sri ..... - 40%
Sri ..... - 30%
Sri ..... - 30%
The continuing partners shall distribute the profit or loss in the following manner
Sri ..... - 40%
Sri ..... - 30%
Sri ..... - 30%
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