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Give any one circustance in which sacrificing ratio may be applied

Posted by Alka Roy 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

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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