Question

New Profit-Sharing Ratio No 1. When New Partner share is given) Knot an are partners starting tren in the ratio of 5.3 They admit Inder for all share in future prone and losses Calculate new profit sharing ratio​

Answer 1

Explanation:

I don't know the answer

Answer 2

Answer:

Profit & Loss in partnership is a predefined term as per the partnership deed. Partners are supposed to share the profit & loss based on the defined profit sharing ratio.

Sometimes, a minimum guarantee is given to the new partner to safeguard interest of the new entrant. 

Minimum guaranteed amount is that amount which a partner is supposed to get if his share of profit is less than the guaranteed amount.

For example, A, B and C are three partners with equal profit sharing ratio with a minimum guaranteed clause of Rs.150000/-  to Mr.A. If the profit of the business is Rs.300000/- The profit as per agreed sharing ratio will be as under:

A - Rs.150000/- as profit based on sharing ratio is Rs.100000/- is lower than the minimum guaranteed amount.

 Balance Rs.150000/- will be shared by B and C equally.