Give two circumstances in which sacrificing Ratio may be applied. – InterviewSolution

1.

Give two circumstances in which sacrificing Ratio may be applied.

Answer»

Circumstances in which sacrificing Ratio may be applied are:

(i) At the time of admission of a new partner for distributing goodwill brought in by the new partner.

(ii) For adjustment goodwill in case of change in Profit - sharing ratio of existing partners.

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