Reconstruction lecture 1 basic ConceptsFree preview
Reconstruction of Partnership Text Book12 MB
In this course, we discuss the change in profit and loss sharing ratio or distribution ratio between the existing partners in detail.
Let's take a look at the reasons for changes in a partnership:
1. Change in profit and loss sharing ratio between continuing partners.
2. Admission of existing partnership firm.
3. Retirement or death of a partner of an existing partnership firm.