3. A and B are sharing Profits and losses in the ratio of 5:3. They Admit C as a Partner with 3/8 Share which he acquires 28 from A and 1/8 from B. Find new profit sharing ration of A,B and C. a) 1:1:1 b) 323 c) 2:3:3
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Answered by
0
Answer:
(i) New profit sharing ratio:
A's old ratio= 2/7
B's old ratio= 5/7
C is admitted for 1/4th share.
Remaining share= 1-[1/4]
= 3/4
A's new share= 3/4 * 2/7
= 6/28
B's new share= 3/4 * 5/7
= 15/28
New Profit sharing ratio of partners= 6:15:7
(ii) Distribution of Goodwill:
A's share= 2/7 * 14000
= 4000
B's share= 5/7 * 14000
= 10000
Answered by
0
Answer:
c) 2:3:3
hope it helps u !!
Share acquired A and B each = 3/8 x 1/2
A's new share= 3/4 * 2/7
= 6/28
B's new share= 3/4 * 5/7
= 15/28
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