anvesh and Anurag see partner in a firm. Their share is 3/5 and 2/5 respectively. Vivek enters in the firm as a new partner. His profit sharing ratio is 1/4 .Find out new profit sharing ratio of the partners if Vivek has taken his share of profit from anvesh and Anurag in equal ratio.
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A and B are partners in a firm sharing profits and losses in the ration of 3:2 A surrenders 15th of his share, whereas B surrenders 25th of his share in favour of C, the new partner. Calculate new profit-sharing ratio.
New Ratio-12 : 6 : 7, Sacrificing Ratio-3 : 4, C's share of Goodwill -RS.21,000 (75,000×7/25), (i) Dr. Bank A/c and Cr. Premium for Goodwill A/c by RS.21,000, (ii) Dr.Premium for Goodwill A/c-RS. 21,000, A's Capital A/c-RS.9,000 and B's Capital A/c-RS.12,000.
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