October 10, 2018

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Reconstitution of Partnership – Change in Profit Sharing Ratio

Cash flow Statements Practice Paper-Accountancy Class XII

Reconstitution of Partnership – Change in Profit Sharing Ratio

Reconstitution of Partnership – Change in Profit Sharing Ratio

Some changes in the value of some assets and liabilities of the existing firm are need to bring them at their realistic
value, on his admission. There may be other issues involing finance on his
admission. All this need accounting treatment.

 

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