who should compensate whom in case of a change in profit sharing ratio of existing partners not that it is - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

who should compensate whom in case of a change in profit sharing
ratio of existing partners not that it is a 3 marks question

Sirjan Arneja · Accepted Answer

Dear Student,

In case of change in profit sharing ratio among the existing
partners, the gaining partner/partners would compensate the
partner/partners who has/ have sacrificed his share

Regards

who should compensate whom in case of a change in profit sharing ratio of existing partners not that it is a 3 marks question