Question

a and b share the profit of a business in the ratio of 5:3 they admitted c into the firm for 1/4 share in the profit which to be contributed equally by a and b on the death of admission of c the balance sheet of the firm was follow​

Answer 1

Answer:

2000 rupees now find the share of that

Explanation:

2jwj000yyg rupees now find the share of thatha ID number and email me the details and client and the rest are not in

Answer 2

Answer:

and B shares the profits in the ratio of 5 : 3. They admit C into firm for a 1/4th share in the profits to be contributed equally by A and B. Before admission of C, balance sheet of the firm is as follows : Terms of C’s admission were as follows : C will bring Rs 30,000 as his share of capital and goodwill, Goodwill of the firm has been valued at 3 times of the average super-profits of last four years. Average profits of the last four years are Rs 20,000, while the normal profits that can be earned with the capital employed are Rs 12,000. Furniture to be appreciated by Rs 6,000 and the value of stock is to be reduced by Rs 2,000. Provident fund be raised by Rs 1,000. All debtors are good, Liability against workmen compensation reserve is determined at Rs 2,000.Prepare Revaluation Account, Partners’ Capital Account and the Balance Sheet of the new firm.Read more on Sarthaks.com - https://www.sarthaks.com/695043/and-shares-the-profits-in-the-ratio-of-5-3-they-admit-c-into-firm-for-a-4th-share-in-the-profits