(b)(ii) and (iv) (c) (i), (iii) and (iv) (d) Only (ii) 5. A' and 'B' are partners in a firm. They share their profits and losses in the ratio of 3:2. They have decided that their new profits (losses) sharing ratio will be 1:1. At that time their goodwill is valued at * 30,000. Calculate amount of goodwill which will be given by B to A. solve the answer?
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12
Answer:
A's old share= 36/100
B's old share= 24/100
C's old share= 20/100
D's old share= 20/100
E is admitted for 20/100th share
Remaining share= 1-[20/100]
= 80/100
New ratio among partners should be 3:4:2:1
A's new share= 3/10 * 80/100
= 24/100
B's new share= 4/10 * 80/100
= 32/100
C's new share= 2/10 * 80/100
= 16/100
D's new share= 1/10 * 80/100
= 8/100
New profit sharing ratio= 24:32:16:8:20
= 6:8:4:2:5
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