0SPECIAL EVENTS IN PARTNERSHIP
- 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
