State the ratio in which the partners share accumulated profit when there is a change in the profit-sharing ratio among existing partners.

Open in App

Solution

The existing partners share the accumulated profits of the business in their old profit sharing ratio even if their profit sharing ratios change after the admission of a new partner.

Suggest Corrections

Similar questions

State the ratio in which the partners share the accumulated profits when there is a change in the profit sharing ratio amongst existing partners.

How will you deal with a change in profit sharing ratio among existing partners? Take imaginary figures to illustrate your answer.

Join BYJU'S Learning Program