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CBSE Notes 2011-2012 » XII-Accounts

Distribution of Profits

What is meant by change in profit sharing ratio ?

Short answer question

What is meant by change in profit sharing ratio ?

What is meant by sacrificing partner ?

Short answer question

What is meant by sacrificing partner ?

Give two circumstances in which sacrificing ratio may be applied.

Short answer question

Give two circumstances in which sacrificing ratio may be applied.

Who should compensate to whom in case of a change in profit sharing ratio of existing partners?

Short answer question

Who should compensate to whom in case of a change in profit sharing ratio of existing partners?

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