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Change in Profit Sharing Ratio(PSR)

State the rat...

Question

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

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Solution

In case of change in profit sharing ration, accumulated profits are shared in Old Profit Sharing Ratio.

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

Q. State the ratio in which the old partners share accumulated profits, reserves and losses.

Q. The change in profit sharing ratio among existing partners results in dissolution of .

Q. Before changing the profit sharing ratio, the old partners should share all the past profits and losses in the ratio.

Where there is no partnership agreement exists between partners, what will be the profit sharing ratio between the partners?

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