Profit and loss on revaluation is shared among the partners in old profit sharing ratio or new profit sharing ratio..??
pls reply...!!
Menu
partnership
Replies (14)
Old ratio
Old ratio..........
Old Profit Sharing Ratio.
OLD RATIO ONLY
old ratio..
old ratio....only goodwill is adjusted in gaining or sacrificing ratio....
old profit sharing ratio
Old profit sharing ratio only.. Becoz the assets and liabilities already exist before the revaluation...
old ratio
old ratio
old ratio.........
Yup.........old profit sharing ratio.
Better if participants can also give their answer - Why Old Ratio ? It will make the concept clear. In professional courses; it is a must. Because specially in CA; questions are not asked straightforward.
old PSR
Recent Topics :
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
Related Topics :
CAclubindia
