Question

16. A, B and C partner sharing profits and loss in the ratio 4:3:2.

D is admitted for2/9 share of profit bring Rs. 3,00,000 as his

capital and 1,00,000 for his share of goodwill. The new profit

sharing ratio will be 3:2:2:2 pass journal entries in the books​

Answer 1

Answer:

ABC are partners sharing profits in the ratio of 4:3:2 D is admitted for 2/9th share of profits and bring rs 30,000 capital and 10,000 for his share of goodwill. The new profit sharing ratio between partners will be credited in the capital accounts of

Explanation:

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