Om pand were partners sharing profits in the ratio of 2 : 1 On 1st April,
un the admitted as a new partner and the new profit sharing ratio of PO and R
wat brought in P2,00,000 as his capital and 700,000 as his share of
pumnum for goodwill
On the date of 's admission, the Balance Sheet of P and showed a credit
Mlawe of 45,000 in Profit and Loss A/c and Workmen Compensation Reserve of
*8.000 was agreed that there was a claim of Workmen Compensation for 50,000,
Pass necessary jourant entries on R's admission,
Ans Surplus Workmen Compensation Reserve 30,000 credited to P and Q in
2) Premium for Goodwill credited to P and Q in 1 : 2,
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Salty prohibition, the widow remarriage act was correct from a social point of view, but the Indians thought that it was an interference in their lifestyle and hence, they were dissatisfied. These are the social causes behind the struggle of 1857.
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