Accountancy, asked by kdkunal1, 1 month ago

John and Mike were partners in a firm sharing profits in 3:1 ratio. They admitted Wahid as a new partner for 1/6th share in the profits of the firm. Wahid acquired his share from Johan and Mike in the ratio 2:1. Calculate the new profit sharing ratio of John, Mike and Wahid.

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Answered by raginikumari37316

Answer:

They admitted Wahid as a new partner for 1/6th share in the profits of the firm. Wahid acquired his share from Johan and Mike in the ratio 2:1. Calculate the new profit sharing ratio of John, Mike and Wahid.

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John and Mike were partners in a firm sharing profits in 3:1 ratio. They admitted Wahid as a new partner for 1/6th share in the profits of the firm. Wahid acquired his share from Johan and Mike in the ratio 2:1. Calculate the new profit sharing ratio of John, Mike and Wahid.​

Answers

John and Mike were partners in a firm sharing profits in 3:1 ratio. They admitted Wahid as a new partner for 1/6th share in the profits of the firm. Wahid acquired his share from Johan and Mike in the ratio 2:1. Calculate the new profit sharing ratio of John, Mike and Wahid.