Please explain this:- P and S are partners sharing profits in ratio of 3:2.R is admitted with 1/5 th share and he brings in Rs.84 000 as his share of goodwill which is credited to capital Accounts of P and S resp.with Rs.63 OO ond Rs.21 OO .New profit sharing ratio will be:
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Answer:
Sharing of profit ( Old Ratio) = 15000 : 10000 : 5000
Sharing of profit ( New Ratio) = 12000 : 12000 : 6000
Difference - A Cr. 3000 ; B Dr. 2000 ; C Dr. 1000
Explanation:
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