Category Assertion Reason (PSR) Assertion Reason (PSR) 7 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans Assertion (A): Change in the profit sharing ratio among the existing partners results in a change in their existing agreement. 1.88K viewsAnurag Pathak Changed status to publish May 7, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans Assertion (A): Change in Profit sharing ratio is not a reconstitution of partnership 1.98K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans Assertion (A): When the partners change their profit-sharing ratio, it leads to dissolution of old firm and new firm comes into existence. 2.12K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans Assertion (A): Change in Profit sharing ratio means one or more partners have forgone their profit share in favour of one or more partners. 1.42K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans What is meant by Reconstitution of a Partnership Firm? 1.01K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans Assertion (A): At the time of Change in Profit-Sharing Ratio, Gaining Partner brings his share of Goodwill to compensate the Sacrificing Parnter. 2.71K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio 0 Votes 1 Ans Assertion (A): At the time of change in Profit sharing Ratio. Goodwill of the firm is not valued because no partner is compensated. 1.94K viewsAnurag Pathak Changed status to publish May 5, 2023Accountancy Class 12thAssertion Reason (PSR)Change in Profit Sharing Ratio Question and answer is powered by anspress.net