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प्रश्न
On reconstitution of a partnership firm, recording of an unrecorded liability will result in ______.
At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to ______.
पर्याय
Gain to the existing partners
Loss to the existing partners
Neither gain nor loss to the existing partners
None of these
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उत्तर
On reconstitution of a partnership firm, recording of an unrecorded liability will result in Loss to the existing partners.
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संबंधित प्रश्न
If it is agreed that the capital of all the partners be proportionate to the new profit sharing ratio, how will you work out the new capital of each partner? Give examples and state how necessary adjustments will be made.
Complete the following sentence.
"The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner is ______"
Complete the following sentence.
"The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called ______"
Anwar and Bashir were partners in the firm sharing profits or losses in the ratio of 7 : 5. With effect from 1st April 2021, they agreed to share profits in the ratio of 5 : 4. Due to the change in profit sharing ratio, what is Bashir's gain or sacrifice?
Which of the following does not result in the change in the profit sharing ratio?
At the time of change in profit sharing ratio, it is important to determine the ______ and ______ of partners.
Avya, Divya and Kavya were equal partners. They decided to change the profit-sharing ratio to 4 : 3 : 2. For this purpose, the goodwill of the firm was valued at ₹ 90,000. The journal entry for the treatment of goodwill on change in profit sharing ratio will be:
Avi and Babi were partners in a firm sharing profit or loss equally. With effect from 1st April 2021, they agreed to share profits in the ratio of 3 : 4. Due to the change in profit sharing ratio, Avi's gain or sacrifice will be:
Ramesh and Suresh are partners in the ratio of 3 : 2. Before profit distribution, 'Ramesh is entitled to 5% commission of the net profit (after charging such commission). Before charging commission, firm's profit was ₹ 84,000. Suresh's share in profit will be ______.
Which of the following is not required to be adjusted at the time of change in the profit sharing ratio?
Which of the following statements is not true?
Which of the following is/are required at the time of change in profit sharing ratio among partners?
The ratio which is computed to determine the sacrifice of the old partners made in favour of new partner which is admitted into partnership is ______.
How is goodwill treated when there is a change in the profit sharing ratio?
A and Bare partners sharing profits in the ratio 3:2. C is admitted. C gets 3/20th share from A and 1/20th share from B. calculate their sacrificing ratio.
How will you calculate New profit sharing ratio?
