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1. On admission of New partner.
2. On change in profit sharing of existing partner
The new partner purchases his/her share of the profit from the Existing partner in a particular ratio.
Existing partners surrender a particular portion of their share in favour of a new partner
Existing par tners surr ender a par ticular por tion of their shar e in favour of a new par tner
Dear Sir, As, never had any exposure of work in the financial field -hence could be wrong too. As, You have found me OK to reply on a very professional ? . After using common sense & bit of experience -without any official / practical knowledge trying to reply ito this ? as above : If there is any change in resolution of the firm pertaining to the partners in any form (or) there is a dissolution of partnership deed due to any reason -this occasion arises .
a. Admission of new partners
b.Change in profit sharing ratio of partners.
thanx for invitation
the answer is
a. Admission of new partners
b.Change in profit sharing ratio of partners.
for new partner induction and in case of case of sharing ratio
A gree with all
all the answer in very comprehensive
in my point of view
admission of new partner
changing profit sharing ratio
Sacrificing ratio applied in case of: (1) admission or retirement of a partner (2) modification of existing shares of partners
While welcoming a new partner
Restructuring profit share proportions/involvements/investments.
Agreed with Mr. Venkitaraman.
