Amount of goodwill brought by new partner is shared by existing partners in the ratio of what
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Answer:
The amount of goodwill brought by new panther is shared by the existing panthers in then ratio of loss of profits
Explanation:
- Suppose we have c and d sharing in the ratio 3:2 and agree to admit c and share with a ratio of 2:2 then the old panther shall suffer with the d sharing in the profit equal to his shares.
- It is advisable that the new panthers profits be shared in such a manner that the oldest panther suffer during the admission of a new panther.
Answered by
2
Answer:
In the ratio of them giving up their share to the new partner i.e sacrificing ratio
Explanation:
Suppose A and B were partners in a firm sharing profit and loss in the ratio 2:1 and later C enters.He brought 6000 as his share of goodwill for a profit share of 1/4.Now for C to have 1/4th share of profit A and B will have to give up a part of their shares which will be calculated by the difference of old profit share and new profit share.
In this case new ratio will be 2:1:1,thus share of goodwill for A is 2/3-2/4=2/12 and for B it will be 1/3-1/4=1/12 i.e 2:1.
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