Question

PNB in partnership sharing profit in 3 ratio 2 they take ciaz new partner goodwill 300000 and see bring 30000 a share in cash which is entirely credit to the capital account of a new profit sharing ratio will be

Answer 1

Answer:

When the new partner purchases his share of profit from the old partners equally : In such cases, the new profit sharing ratio of the old partners can be calculated by deducting the sacrifice made by them from their existing share of profit