CBSE · Class 12 · Accountancy
Change in Profit-Sharing Ratio
Chapter 1.2Accounting for Partnership FirmsCBSE / NCERT · Secondary & Senior Secondary
Topics
Reconstitution
- Sacrificing and gaining ratios
- Revaluation of assets and reassessment of liabilities
- Reserves and accumulated profits and losses
- Revaluation account and balance sheet
Learning objectives
- Record a change in profit-sharing ratio among existing partners.
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