Question

A,Band C are partners in a firm sharsharing profits in the ratio 3:2:3 . they admitted as a new partner who brings rupees see that as capital and Rupees 105000 as a share of goodwill in cash a surrenders one third of its share be surrenders one fourth of a share Si surrenders 150 share in favour of D find out sacrificing ratio and new ratio, also pass journal entries for the above .​

Answer 1

Answer:

calculate sacrificing and new profit sharing ratio

Explanation:

pass journal entry:-

1- cash  A/C  Dr

     To new partner's capital a/c

2-    Cash a/c dr

        to premium a/c ( if he is bringing premium then he have to distribute it )

3 -  premium    A/C  dr

        to sacrificing partners

( distribute to sacrifice partners in sacrifice ratio )