a and b arw the partners in a firm sharing profit and loses in the ratio of 3:s2. Their capital are rs.180,000 and 140,000 respectively. They admit x in a partmership on the comdition that he will bring rs.57500 as goodwill and rs. 150,000 as capital and will get % share in profits of the firm. Assuming that the capital and goodwill have been brought in cash in the new partner. pass the nessessary general entry and fimd out new profit sharing ratio of partners. when goodwill is withdrawn by the old partners.
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