CUET Preparation Today
In a partnership, admission of a new partner is followed by retirement within two months but revaluation did not occur at either of the event. What is the most significant risk? |
The profit sharing ratio may be distorted. Sacrificing partners may be over-compensated or under-compensated. Goodwill may not be distributed. Retirement dues becomes difficult to calculate. |
Sacrificing partners may be over-compensated or under-compensated. |
The correct answer is Option (2) → Sacrificing partners may be over-compensated or under-compensated. |
