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SPECIAL EVENTS IN PARTNERSHIP

FR Prashanth

27/09/2017 7 0

Admission
Retirement
Death
Change in Ratio
Combination

When a New partner is admitted what are the changes occur?

What are the things unavoidable changes?

Can a partnership firm decide can the partner not have revaluation in the event of admission? Can they do so?
Can the partner decide NOT to consider Goodwill? is it possible?
Can a partner a decide need not bring capital
CAN the partners decide not to distributed profits - NO?

Out of all these changes the unavoidable change is change in the profit sharing ratio.

ISSUES IN COMPUTATION OF PROFIT SHARING RATIO

New Ratio
Sacrificing ratio
Gaining Ratio
For Face2 Face classes : CA PRASHANTH REDDY

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