Category 2025- Class 12 Accountancy VOL 1
6. Death of a Partner
5. Retirement of a Partner
4. Admission of a Partner
3. Change in Profit-Sharing Ratio
2. Goodwill
1. Accounting of Partnership Firms Fundamentals
Solution – 2. Mahesh, Ramesh and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the business, they faced the following problems: State how you will settle these…