Question

abc are partners sharing profits and losses in 3:2:1. they admit d for 1/4th share in profi and losses and he brought in rs 150000 for his share of goodwill which was credited to capital account of b and c respectively with 125000 and 25000 calculate new profits sharing ratio

Answer 1

Answer:

The new profit sharing ratio of the partner's A, B, C and D will be 3: 2: 1: 2

Explanation:

The calculation of new profit sharing ratio is explained below:

Old Profit Share between A, B and Cis 3: 2: 1

D is admitted for $\frac{1}{4}$ share in the profits;

Therefore, share in the profits for remaining partners after D's admission

$=1- \frac{1}4 = {\frac{3}{4}$

New Share of A, B and C after D's admission:

$A=\frac{3}{4} \times \frac{3}{6}=\frac{3}{8}$

$B=\frac{3}{4} \times \frac{2}{6}=\frac{2}{8}$

$C=\frac{3}{4} \times \frac{1}{6}=\frac{1}{8}$

New Share of D:

$D=\frac{1}{4} \times \frac{2}{2}=\frac{2}{8}$

Therefore, the new profit sharing ratio of the partners A, B, C and D is 3: 2: 1: 2

To learn more about this concept, you can go through the following links:
https://brainly.in/question/22097105

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