he ratio of 3 : 2 cher admit C into the fin
A and B are Partners sharing profits in the ratio of 3: 2 they admi
for 3/7 the Profits (which he takes 27 the from A and 1/7 th from B)
600,000 as premium out of his share of 720,000. Goodwill account does
appear in the books of A and B.
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Answer:
11:9:15
Old ratio (A and B) = 3 : 2
C is admitted for 3/7 th share
A's sacrifice in favour of C = 2/7
B's sacrifice in favour of C = 1/7
New ratio = Old ratio - Sacrificing ratio
A's new ratio = (3/5) - (2/7) = 11/35
B's new share = (2/5) - (1/7) = 9/35
C's share = A's sacrifice + B's sacrifice
= (2/7) + (1/7)
= 3/7 or 15/35
Therefore, new profit sharing ratio of A, B and C is 11 : 9 : 15
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