Question

A and B are the partners in a firm. They admitted C for th share as a new partner. After
the admission of C, the new profit and loss sharing ratio of A and B will be 2:3.​

Answer 1

Answer:

Total Capital as per C's Share (4,00,000 X(5/1))Less Actual capital of A,B,C (10,00,000+4,00,000)Value of firm's Goodwill20,00,00014,00,000−−−−−−−−6,00,000−−−−−−−−−−−−−−

C's share of Goodwill=6,00,000×(15)=₹1,20,000

Explanation:

Answer 2

Answer:

A's old share= 3/5

B's old share= 2/5

C is admitted for 1/4th share

Remaining share= 1-[1/4]

= 3/4

A's new share= 3/5 * 3/4

= 9/20

B's new share= 2/5 * 3/4

= 6/20

New Profit sharing ratio after C's admission= 9:6:5

Now, ratio before D's admission= 9:6:5

D is admitted for 20/100th share

Remaining share= 1-[20/100]

= 80/100

Hence, A's new ratio= 9/20 * 80/100

= 72/200

B's new ratio= 6/20 * 80/100

= 48/200

C's new ratio= 5/20 * 80/100

= 40/200

New profit sharing ratio after D's admission= 72:48:40:40

= 9:6:5:5

Explanation:

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