Question

P and S are partners sharing profits in the ratio of 3 : 2. R is admitted with \frac{1}{5}th share and he brings in ₹84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with ₹63,000 and ₹21,000. New profit sharing ratio will be

Answer 1

Answer:

Sacrificing ratio = 3:1

New ratio = old ratio - sacrificing ratio

Explanation: