Accountancy, asked by guptasuhana23, 1 month ago

How will you calculate the capital of old partners on the basis of capital of New partner?

Answers

Answered by aryan221076

Explanation:

Step 1. Calculate total capital of new firm on the basis of new partner's capital i.e. new partner's capital X Reciprocal of proportion of share profit of new partner. Step 2. Calculate the new capital of old partners by dividing the total capital in their new profit sharing ratio.

Previous Question

Next Question

Similar questions

Math, 26 days ago

Q.How many sign in mathematics?

Science, 26 days ago

Short answer questions D. Answer in brief. 1. Where are bacteria found? 2. Name three conditions which are essential for most microbes to survive and grow. 3. Why is nitrogen needed by all living things? 4. What is nitrogen fixation? 5. What do you mean by'nitrogen cycle'? 6. In what natural ways are soil nitrates replaced? 7. What is retting? 8. What are antibiotics? 9. What are pathogens?

English, 26 days ago

you are simran kaur ([email protected]) you have been selected in a famous T.V show . write an email to Your uncle preetpal singh ([email protected]) whoo lives in England,giving him this exciting news . also mention when and on which channel will your show be telecasted according to indian standard time (IST)...

English, 1 month ago

You are Ved/ Vaidehi of class XII, Modern Public School, Ranchi.As a concerned student, write a letter to the Editor of a Local Daily mentioning your concern about *the Impact of Online Classes on the mental and Physical well being of the Children and* *their Teachers.* Word limit: 120- 150 words.

Geography, 1 month ago