Accountancy, asked by yugalchandrakar427, 1 month ago

29. Sethi, Gupta and Jain are partners. Their capital are * 5,000, 4,000 and 3,000respec-tively. They share profit in the ratio of 1/2 : 1/4: 1/4. They admitted Bhatia in partner- ship who brings in * 4,500 as capital in consideration of 1/4th share. While entering in thefirm Bhatia given cash 8,000 as goodwill. Sethi, Gupta and Jain will share profits among
themselves in the same ratio as before. Give the necessary journal entries, preparePartner'sCapital A/c, and find new profit-sharing ratio.

Answers

Answered by manishahalder671

5

Answer:

New profit sharing ratio=8:3:3:4

Attachments:

Answered by keshavdewangan2712

0

Answer:

l

Explanation:

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