Question

(33) A and B were partners in a firm sharing profits and losses in the ratio 3:1. They admitted C as a
new partner for 10% share in the profits and losses. Calculate the new profit sharing ratio
ratio of 2:1 from Ram and Shyam. Calculate new profit-sharing ratio.
tirm. Mohan is given 1/4th share of future profits, which he acquires in
(Ans: 7:2:3)
between A, Band C. (Ans: 27:9:4)
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Answer 1

Answer:

A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2018, their capitals are ₹ 8,000 and ₹ 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings in ₹ 8,000 as his capital and ₹ 6,000 as goodwill.