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Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners) – Unimax Publications Class +2 – Solution

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What is Reconstitution of a Partnership Firm: –

Reconstitution of a Partnership Firm means when with the consent of all partners they make some fundamentals changes in the Partnership deed. It may when the partners want to change their profit sharing ratio or any partner want to increase or decrease his investment as well as involvement in the business. And in the other condition like an admission of a new partner(s), the retirement/death/insolvency of existing partner(s). 

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When we need to Reconstitution of a Partnership Firm: –

In the following situation, the firm needs to reconstitution of a Partnership firm: –

  1. The admission of New Partner(s)
  2. When there is a change in the Profit Sharing Ratio between existing partners
  3. The Retirement of one or more from the existing Partners
  4. In the case of Death or Insolvency of Partner(s)

Check out the full article: –

Reconstitution of a Partnership Firm – Explained

Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners) – Unimax Publications Class +2 – Solution

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Question wise solution of the all Questions of Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners) – Unimax Publications Class +2 – Solutions are shown below: –

Question 1 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 1 Chapter 4 - Unimax Class 12 Part 1 1. M and N are two partners sharing profits and ...
Question 2 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 2 Chapter 4 - Unimax Class 12 Part 1 2. A, B and C are partners sharing profits and ...
Question 3 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 3 Chapter 4 - Unimax Class 12 Part 1 3. P, Q and R were partners sharing profits and ...

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Question 4 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 4 Chapter 4 - Unimax Class 12 Part 1 4. X, Y and Z are partners sharing profits and ...
Question 5 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 5 Chapter 4 - Unimax Class 12 Part 1 5. X, Y and Z are partners of firm sharing ...
Question 6 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 6 Chapter 4 - Unimax Class 12 Part 1 6. Gold, Silver and Copper are partners in a firm ...
Question 7 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 7 Chapter 4 - Unimax Class 12 Part 1 7. X, Y and Z are partners in a firm ...
Question 8 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 8 Chapter 4 - Unimax Class 12 Part 1 8. A and B are partners sharing Profits and losses ...

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Question 9 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 9 Chapter 4 - Unimax Class 12 Part 1 9. A, B and C are three partners sharing Profits ...
Question 10 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 10 Chapter 4 - Unimax Class 12 Part 1 10. X, Y and Z were partner in a firm ...
Question 11 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 11 Chapter 4 - Unimax Class 12 Part 1 11. The following is the Balance Sheet of P, Q, ...
Question 12 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 12 Chapter 4 - Unimax Class 12 Part 1 12. P and Q share the profits of a business ...

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Question 13 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 13 Chapter 4 - Unimax Class 12 Part 1 13. E, F and G are partners sharing Profits in ...
Question 14 Chapter 4 - Unimax Class 12 Part 1 - 2021
Question 14 Chapter 4 - Unimax Class 12 Part 1 14. Aditi and Charvi are partner sharing Profits and Losses ...

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