Question

a,band c are partners sharing profit ratio 3:2:1 .they admitted d for 1/4 shares in the profits and he brought in 150000as his share of goodwill which was credited to the capital account of b and c respectively with 125000and25000. calculate new profit sharing ratio​

Answer 1

Explanation:

Sacrificing ratio of b and c is 125000:25000 i.e.5:1

So, new ratio is

a's ratio = 1/2

b's new ratio = 2/6 - (1/4*5/6) =3/24

c's new ratio = 1/6 - (1/4*1/6) = 3/24

Hence, New ratio of a,b,c and d.

1/2 : 3/24 : 3/24 : 1/4

4:1:1:2