Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners – Solution

The partnership means when two or more than two persons are agreed to do business together and share the profits/losses of the business in an equal or already specified ratio. In the case of firm reconstitution, we have  Change in Profit-Sharing Ratio Among the Existing Partners as per the deal between the partners.

“Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all” 

-Section 4 of the Indian Partnership Act, 1932

Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners – Solution

Question 07 Chapter 4 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

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Question 17 Chapter 4 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

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Question 27 Chapter 4 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

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