Admission of a partner

The difference between the cases is profit gaining ratio between the two partners when the 3rd partner retires from the partnership.

Vijay K

CA Inter

★ 9K+

08-Oct-21 07:04

Both the cases are having three partners and they have some profit sharing ratio then one partner retires. Now the two non retiring partners share the profit in some other ratio. I think all other things are given in that book. If you don't got it, tell me.

Vijay K

CA Inter

★ 9K+

08-Oct-21 07:10

First illustration has three partners and one retires - then the new profit sharing ratios of two remaining partners are not same for all First illustration has four partners and one retires - then the new profit sharing ratios of three remaining partners is equal shares

Sudha Reddy

CA Final

★ 20K+

09-Oct-21 10:00

Got it thank you ma'am Thank you bro

Thread Starter

Soumya A

CA Inter

★ 20K+

09-Oct-21 10:49