Question

A b and c are partners sharing profit ratio 3 2 1 .d is admitted as partner his capital is to be 50000 .out of creditors 10000 is due it to d it will be adjusted agin in capital

Answer 1

Answer:

Step 2: The new capital of each partner is calculated by dividing the total capital of the firm by their individual new profit share. Step 3: After posting all adjustments and items in the Partners' Capital Account, calculate credit minus debit side of the old Partners' Capital Account...