Change In Profit Ratio Among Partners | 100% Revision | By CA/CMA Santosh Kumar
Channel: Santosh Kumar - COC Education
Date: 2021-01-28

Change In Profit Ratio Among Partners | 100% Revision | By CA/CMA Santosh Kumar

A change in profit-sharing ratio among partners means sharing the profits or losses in a new ratio in place of the old ratio. It implies the purchase of share of profit by one partner from another partner. It is called reconstitution of the existing partnership firm.

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