Question

ADMISSION OF A PARTNER
Q. 70. A, B and C were partners in a firm sharing profits in the ratio of 2:1:1.
Their respective capitals were A 3,00,000; B 2,00,000 and C 31,80,000. On 1st
April, 2018 they admitted D as a new partner. D brought 2,00,000 for his capital and
necessary amount for his share of goodwill premium. The new profit sharing ratic
between A, B, C and D will be 1:2:1:1.
4.159
pass necessary journal entries for the above transactions in the books of the firn
on
n D's admission.​

Answer 1

Answer:

C's capital is too much yar...... if so it is unfair to take 1 ratio... u need to cross check the question